Kentucky Retirement Systems Insurance Trust Fund Makes New $1.19 Million Investment in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,706 shares of the company's stock, valued at approximately $1,188,000.

Several other institutional investors and hedge funds also recently modified their holdings of KDP. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper in the first quarter valued at about $27,000. New Age Alpha Advisors LLC raised its position in shares of 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 purchasing an additional 389 shares during the period. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $42,000. Finally, Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.57 during trading hours on Wednesday, hitting $32.98. 9,680,359 shares of the company's stock were exchanged, compared to its average volume of 10,866,134. The company's 50-day moving average price is $33.63 and its 200-day moving average price is $33.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.47 and a quick ratio of 0.31. The stock has a market capitalization of $44.79 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 2.61 and a beta of 0.48. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 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 firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. Keurig Dr Pepper's dividend payout ratio is 83.64%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, 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. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the sale, the director now directly owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the transaction, the vice president now owns 62,411 shares in the company, valued at $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. 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. Corporate insiders own 0.40% of the company's stock.

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.