Principal Financial Group Inc. Buys 111,911 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Principal Financial Group Inc. boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,423,050 shares of the company's stock after buying an additional 111,911 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of Keurig Dr Pepper worth $48,697,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its holdings in Keurig Dr Pepper by 6.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 102,609 shares of the company's stock valued at $3,511,000 after acquiring an additional 6,060 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Keurig Dr Pepper by 2.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 150,685 shares of the company's stock valued at $5,156,000 after acquiring an additional 3,963 shares during the last quarter. Mather Group LLC. boosted its holdings in Keurig Dr Pepper by 27.1% in the first quarter. Mather Group LLC. now owns 2,049 shares of the company's stock valued at $70,000 after acquiring an additional 437 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Keurig Dr Pepper by 0.4% during the first quarter. New York State Teachers Retirement System now owns 739,150 shares of the company's stock worth $25,294,000 after buying an additional 2,659 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Keurig Dr Pepper by 6.4% during the first quarter. Amalgamated Bank now owns 229,370 shares of the company's stock worth $7,849,000 after buying an additional 13,727 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KDP. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. UBS Group raised their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.92.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the transaction, the director owned 2,638,490 shares of the company's stock, valued at $87,334,019. The trade was a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $33.64, for a total value of $403,680.00. Following the transaction, the insider directly owned 94,511 shares in the company, valued at $3,179,350.04. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 698,500 shares of company stock worth $23,580,720 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Up 0.7%

Keurig Dr Pepper stock traded up $0.25 during midday trading on Tuesday, reaching $34.03. The stock had a trading volume of 10,801,005 shares, compared to its average volume of 10,928,569. The firm's fifty day simple moving average is $33.38 and its 200-day simple moving average is $33.12. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The stock has a market capitalization of $46.22 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 2.60 and a beta of 0.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47.

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 analysts' consensus estimates 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 business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm earned $0.38 EPS. Keurig Dr Pepper's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

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.