Keurig Dr Pepper, Inc (NASDAQ:KDP) Position Increased by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,346,368 shares of the company's stock after acquiring an additional 12,805 shares during the quarter. Retirement Systems of Alabama owned 0.17% of Keurig Dr Pepper worth $80,293,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after purchasing an additional 5,646,179 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Keurig Dr Pepper by 36.0% in the fourth 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 in the last quarter. Geode Capital Management LLC grew its stake in Keurig Dr Pepper by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock worth $784,974,000 after purchasing an additional 1,962,195 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Keurig Dr Pepper by 19.6% in the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock valued at $693,972,000 after buying an additional 3,539,463 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

KDP traded up $0.37 during trading on Friday, reaching $33.58. The stock had a trading volume of 17,753,779 shares, compared to its average volume of 10,866,526. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 2.58 and a beta of 0.48. The stock has a 50 day moving average of $33.79 and a two-hundred day moving average of $33.08. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Wall Street Analysts Forecast Growth

KDP has been the subject of several research reports. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Piper Sandler upgraded shares of 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. Barclays raised their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.71.

Insider Transactions at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the transaction, the insider now owns 166,511 shares of the company's stock, valued at approximately $5,791,252.58. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the transaction, the director now owns 2,846,490 shares in the company, valued at $97,122,238.80. This represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 686,500 shares of company stock valued at $23,190,720 over the last three months. Company 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.