California State Teachers Retirement System Decreases Holdings in Keurig Dr Pepper, Inc $KDP

California State Teachers Retirement System trimmed its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,079,099 shares of the company's stock after selling 117,962 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Keurig Dr Pepper worth $68,048,910 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WJ Financial Advisors LLC lifted its holdings in Keurig Dr Pepper by 1.6% in the 1st quarter. WJ Financial Advisors LLC now owns 27,383 shares of the company's stock valued at $721,000 after purchasing an additional 433 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock worth $26,000 after purchasing an additional 759 shares in the last quarter. Root Financial Partners LLC increased its position in Keurig Dr Pepper by 41.8% in the 1st quarter. Root Financial Partners LLC now owns 2,705 shares of the company's stock valued at $71,000 after acquiring an additional 798 shares in the last quarter. Stephens Inc. AR increased its position in shares of Keurig Dr Pepper by 10.0% in the 4th quarter. Stephens Inc. AR now owns 8,945 shares of the company's stock valued at $251,000 after buying an additional 814 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Keurig Dr Pepper by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,413 shares of the company's stock valued at $376,000 after buying an additional 887 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KDP has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Morgan Stanley started coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They set an "overweight" rating and a $38.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a report on Thursday, June 25th. Argus reissued a "buy" rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday. Finally, Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Keurig Dr Pepper Trading Down 0.5%

Shares of KDP stock traded down $0.17 during trading hours on Tuesday, reaching $31.41. The company had a trading volume of 3,392,749 shares, compared to its average volume of 11,773,448. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.48 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82. The company has a 50 day moving average of $31.16 and a 200 day moving average of $29.70.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to analysts' expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The company's quarterly revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Insider Activity

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the sale, the insider directly owned 84,171 shares of the company's stock, valued at $2,739,766.05. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Aaron Alt bought 7,862 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares in the company, valued at $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.34% of the company's stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc NASDAQ: KDP is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott's, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.

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