State of Alaska Department of Revenue Has $5.04 Million Stake in Keurig Dr Pepper, Inc $KDP

Key Points

• The State of Alaska Department of Revenue increased its stake in Keurig Dr Pepper by 9.0%, owning 152,411 shares valued at approximately $5.04 million.
• Research analysts have downgraded Keurig Dr Pepper's price targets, with major firms like UBS and Citigroup lowering their estimates to around $35-$37, but the stock still holds a "Moderate Buy" consensus rating.
• Keurig Dr Pepper announced a quarterly dividend of $0.23 per share, representing a 3.6% yield, with the payout ratio currently at 82.14%.

State of Alaska Department of Revenue boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,411 shares of the company's stock after purchasing an additional 12,530 shares during the quarter. State of Alaska Department of Revenue's holdings in Keurig Dr Pepper were worth $5,038,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KDP. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $25,000. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $27,000. WPG Advisers LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at $43,000. Continuum Advisory LLC grew its position in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after purchasing an additional 602 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at $48,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Piper Sandler reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Citigroup cut their price target on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft cut their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company cut their target price on Keurig Dr Pepper from $40.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.23.

Keurig Dr Pepper Stock Down 1.0%

KDP stock opened at $25.50 on Monday. The stock's fifty day simple moving average is $30.94 and its two-hundred day simple moving average is $32.79. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 1-year low of $25.40 and a 1-year high of $37.82. The stock has a market cap of $34.64 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.40 and a beta of 0.47.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper's payout ratio is presently 82.14%.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. This represents a 8.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 447,601 shares of company stock worth $14,825,192. Corporate insiders own 1.00% 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.

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