Utah Retirement Systems raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,797 shares of the company's stock after acquiring 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 large investors also recently made changes to their positions in KDP. Lido Advisors LLC increased its stake in shares of Keurig Dr Pepper by 1,918.6% in the fourth quarter. Lido Advisors LLC now owns 206,441 shares of the company's stock worth $6,631,000 after acquiring an additional 196,214 shares during the last quarter. Northern Trust Corp increased its position in Keurig Dr Pepper by 20.6% in the 4th quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock worth $436,788,000 after purchasing an additional 2,320,614 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Keurig Dr Pepper by 15.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 721,070 shares of the company's stock worth $23,161,000 after purchasing an additional 95,409 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Keurig Dr Pepper by 10.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 17,362 shares of the company's stock valued at $558,000 after buying an additional 1,597 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Keurig Dr Pepper by 0.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 143,485 shares of the company's stock valued at $4,609,000 after buying an additional 1,268 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.
Insider Activity
In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,837,350 shares of company stock worth $2,771,297,650. Company insiders own 1.00% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on KDP. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Argus started coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. TD Cowen decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.
Check Out Our Latest Report on Keurig Dr Pepper
Keurig Dr Pepper Trading Down 1.6 %
Shares of KDP stock opened at $34.04 on Friday. The firm has a market capitalization of $46.23 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The firm's fifty day simple moving average is $34.18 and its 200 day simple moving average is $33.17. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.
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 (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business's revenue was up 4.8% compared to the same quarter last year. As a group, sell-side 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 was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given 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 dividend yield of 2.70%. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.
About Keurig Dr Pepper
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Keurig Dr Pepper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Keurig Dr Pepper wasn't on the list.
While Keurig Dr Pepper currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
