Utah Retirement Systems Purchases 10,500 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Utah Retirement Systems boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,797 shares of the company's stock after buying an additional 10,500 shares during the quarter. Utah Retirement Systems' holdings in Keurig Dr Pepper were worth $5,968,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KDP. New Age Alpha Advisors LLC grew its position in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter worth $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $42,000. Brooklyn Investment Group raised its stake in shares of Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after purchasing an additional 554 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $70,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KDP has been the topic of several recent analyst reports. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, Barclays boosted their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $39.33.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,837,350 shares of company stock valued at $2,771,297,650. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Stock Down 0.7 %

NASDAQ:KDP traded down $0.24 on Wednesday, hitting $33.89. The stock had a trading volume of 3,222,530 shares, compared to its average volume of 10,387,068. The company has a market cap of $46.02 billion, a PE ratio of 20.53, a P/E/G ratio of 2.42 and a beta of 0.52. The business's fifty day moving average is $34.20 and its 200 day moving average is $33.09. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

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.