New York State Common Retirement Fund Cuts Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

New York State Common Retirement Fund cut its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,436,238 shares of the company's stock after selling 109,200 shares during the period. New York State Common Retirement Fund owned 0.11% of Keurig Dr Pepper worth $49,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC lifted its stake in Keurig Dr Pepper by 2.1% in the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares in the last quarter. First American Bank increased its holdings in shares of Keurig Dr Pepper by 0.6% in the first quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after purchasing an additional 344 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Keurig Dr Pepper by 3.8% in the first quarter. Allworth Financial LP now owns 10,242 shares of the company's stock valued at $353,000 after purchasing an additional 371 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares in the last quarter. Finally, Citadel Investment Advisory Inc. boosted its stake in Keurig Dr Pepper by 6.6% during the first quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after buying an additional 400 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the business's 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. This represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the completion of the transaction, the director directly owned 2,846,490 shares of the company's stock, valued at approximately $97,122,238.80. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 686,500 shares of company stock valued at $23,153,640. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Up 2.0%

Shares of NASDAQ:KDP traded up $0.68 during mid-day trading on Thursday, reaching $33.89. 7,942,515 shares of the company were exchanged, compared to its average volume of 10,978,553. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. 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 firm's 50-day simple moving average is $33.26 and its 200 day simple moving average is $33.16. The firm has a market cap of $46.03 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 2.52 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping 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 company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KDP shares. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday. 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. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.62.

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.