Kentucky Retirement Systems Insurance Trust Fund Buys New Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 34,706 shares of the company's stock, valued at approximately $1,188,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after purchasing an additional 8,363,192 shares in the last quarter. Norges Bank purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $197,819,000. Finally, Wellington Management Group LLP grew its position in shares of Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the completion of the sale, the director now owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. The trade was a 6.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the sale, the insider now owns 166,511 shares in the company, valued at approximately $5,791,252.58. The trade was a 6.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock valued at $23,594,400 in the last three months. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Stock Down 0.6%

Shares of KDP stock traded down $0.19 during trading hours on Friday, reaching $32.85. 10,275,294 shares of the company's stock were exchanged, compared to its average volume of 10,880,978. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The stock's 50 day moving average is $33.58 and its 200-day moving average is $33.10. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The company has a market cap of $44.62 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 2.54 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the company posted $0.38 EPS. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. 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 will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Argus started coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Piper Sandler raised shares of 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 research note on Wednesday, April 9th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.92.

Keurig Dr Pepper Profile

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.