Arizona State Retirement System Acquires 10,758 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Arizona State Retirement System boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,339 shares of the company's stock after acquiring an additional 10,758 shares during the period. Arizona State Retirement System's holdings in Keurig Dr Pepper were worth $11,578,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at $27,000. New Age Alpha Advisors LLC lifted its holdings in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $42,000. Continuum Advisory LLC lifted its holdings in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $48,000. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.26 on Thursday, reaching $33.47. The company's stock had a trading volume of 1,810,702 shares, compared to its average volume of 10,955,459. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28. The company has a market capitalization of $45.45 billion, a P/E ratio of 30.45, a PEG ratio of 2.52 and a beta of 0.47. The stock's 50 day simple moving average is $33.26 and its 200-day simple moving average is $33.16.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.75%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

Insider Buying and Selling

In related news, Director De Ven Michael G. Van acquired 15,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director owned 15,000 shares in the company, valued at $498,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president directly owned 62,411 shares in the company, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 686,500 shares of company stock worth $23,153,640 in the last ninety days. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Barclays decreased their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, June 27th. UBS Group reduced their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the company from $36.00 to $42.00 in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.77.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.