Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 9.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,881 shares of the company's stock after buying an additional 11,525 shares during the quarter. State of Alaska Department of Revenue's holdings in Keurig Dr Pepper were worth $4,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Townsquare Capital LLC boosted its holdings in Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the last quarter. Barden Capital Management Inc. increased its stake in Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after acquiring an additional 353 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 82.8% in 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. Citadel Investment Advisory Inc. lifted its stake in shares of Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock valued at $221,000 after purchasing an additional 400 shares in the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 1.2% during the 4th quarter. Denali Advisors LLC now owns 35,087 shares of the company's stock worth $1,127,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Up 1.1%

Shares of Keurig Dr Pepper stock traded up $0.37 during trading hours on Friday, hitting $33.58. 17,753,779 shares of the company's stock traded hands, compared to its average volume of 10,881,712. Keurig Dr Pepper, Inc has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a market cap of $45.61 billion, a PE ratio of 30.53, a PEG ratio of 2.58 and a beta of 0.48. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $33.76 and a 200-day simple moving average of $33.09.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share 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 firm had revenue of $3.64 billion during 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 quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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 paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Analyst Ratings Changes

Several research firms recently commented on KDP. Barclays raised their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, April 28th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. UBS Group upped their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Three equities research 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 company. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $39.71.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the transaction, the director now directly owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. The trade was a 6.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company'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 transaction, the insider now directly owns 166,511 shares of the company's stock, valued at $5,791,252.58. This trade represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 686,500 shares of company stock valued at $23,190,720. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Company 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.