Teachers Retirement System of The State of Kentucky Grows Stock Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Teachers Retirement System of The State of Kentucky boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 26.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,216 shares of the company's stock after acquiring an additional 19,277 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Keurig Dr Pepper were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KDP. Sei Investments Co. grew its position in Keurig Dr Pepper by 18.2% during the fourth quarter. Sei Investments Co. now owns 1,221,401 shares of the company's stock valued at $39,232,000 after acquiring an additional 187,792 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $450,000. Stevens Capital Management LP purchased a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $272,000. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after buying an additional 22,856,757 shares in the last quarter. Finally, United Services Automobile Association grew its stake in Keurig Dr Pepper by 4.1% during the fourth quarter. United Services Automobile Association now owns 23,889 shares of the company's stock worth $767,000 after buying an additional 941 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president owned 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 698,500 shares of company stock worth $23,557,560. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Trading Up 1.4%

Keurig Dr Pepper stock opened at $33.78 on Wednesday. The business's 50-day simple moving average is $33.25 and its 200-day simple moving average is $33.20. The firm has a market capitalization of $45.88 billion, a PE ratio of 30.71, a PEG ratio of 2.56 and a beta of 0.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's payout ratio is 83.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays lowered their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. UBS Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Argus started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.62.

About Keurig Dr Pepper

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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