New York State Teachers Retirement System Purchases 36,699 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• The New York State Teachers Retirement System increased its holdings in Keurig Dr Pepper, Inc by 5.0%, acquiring an additional 36,699 shares, bringing their total to 775,849 shares valued at approximately $25.65 million.
• Insiders at Keurig Dr Pepper sold a total of 423,601 shares worth about $14 million over the last quarter, with Director Robert James Gamgort selling 208,000 shares for approximately $6.84 million.
• Keurig Dr Pepper declared a quarterly dividend of $0.23 per share, translating to an annual yield of 3.3%, with a payout ratio of 82.14% as per its latest earnings report.

New York State Teachers Retirement System increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 775,849 shares of the company's stock after acquiring an additional 36,699 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Keurig Dr Pepper worth $25,650,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KDP. Croban boosted its stake in shares of Keurig Dr Pepper by 0.9% during the second quarter. Croban now owns 31,849 shares of the company's stock valued at $1,053,000 after purchasing an additional 294 shares in the last quarter. Commerce Bank lifted its holdings in Keurig Dr Pepper by 1.6% during the first quarter. Commerce Bank now owns 21,513 shares of the company's stock worth $736,000 after buying an additional 340 shares during the period. First American Bank boosted its position in Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after acquiring an additional 344 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Keurig Dr Pepper by 3.8% in the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company's stock valued at $353,000 after acquiring an additional 371 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in shares of Keurig Dr Pepper by 3.5% in the 2nd quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company's stock worth $384,000 after acquiring an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 423,601 shares of company stock valued at $14,017,592 over the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Up 1.1%

KDP stock opened at $28.03 on Friday. The stock has a market capitalization of $38.08 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.43. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $37.27. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $28.74 and a 200 day moving average of $32.00.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter last year, the company posted $0.45 earnings per share. The business's quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper's payout ratio is presently 82.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen dropped their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, October 1st. BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research report on Monday, September 22nd. Piper Sandler decreased their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Cowen restated a "hold" rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Finally, Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $35.00.

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.

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