Teacher Retirement System of Texas Has $13.01 Million Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Teacher Retirement System of Texas lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 54.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 380,214 shares of the company's stock after selling 459,195 shares during the quarter. Teacher Retirement System of Texas' holdings in Keurig Dr Pepper were worth $13,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KDP. Oppenheimer & Co. Inc. acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $400,000. Smartleaf Asset Management LLC increased its stake in shares of Keurig Dr Pepper by 52.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,337 shares of the company's stock valued at $171,000 after acquiring an additional 1,835 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Keurig Dr Pepper by 96.8% during the fourth quarter. Jones Financial Companies Lllp now owns 13,765 shares of the company's stock valued at $442,000 after acquiring an additional 6,769 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Keurig Dr Pepper by 10.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,608,629 shares of the company's stock valued at $212,269,000 after acquiring an additional 601,080 shares during the period. Finally, Keybank National Association OH increased its stake in shares of Keurig Dr Pepper by 27.5% during the fourth quarter. Keybank National Association OH now owns 14,911 shares of the company's stock valued at $479,000 after acquiring an additional 3,217 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on KDP shares. Barclays lowered their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 27th. Royal Bank Of Canada reiterated an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Two 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.92.

Insider Activity

In other Keurig Dr Pepper news, 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 transaction of $7,096,960.00. Following the completion of the sale, the director owned 2,846,490 shares of the company's stock, valued at $97,122,238.80. This trade represents a 6.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $33.64, for a total transaction of $403,680.00. Following the sale, the insider directly owned 94,511 shares of the company's stock, valued at $3,179,350.04. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 698,500 shares of company stock valued at $23,580,720. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Trading Up 0.7%

NASDAQ KDP traded up $0.25 on Tuesday, hitting $34.03. 10,801,005 shares of the stock were exchanged, compared to its average volume of 10,923,455. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week 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 company has a market capitalization of $46.22 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 2.60 and a beta of 0.47. The company's 50-day moving average price is $33.37 and its two-hundred day moving average price is $33.12.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the previous year, the company posted $0.38 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is 83.64%.

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.