Illinois Municipal Retirement Fund Decreases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Illinois Municipal Retirement Fund lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 351,603 shares of the company's stock after selling 70,863 shares during the period. Illinois Municipal Retirement Fund's holdings in Keurig Dr Pepper were worth $11,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KDP. Dynamic Advisor Solutions LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth approximately $244,000. CWM LLC grew its position in Keurig Dr Pepper by 44.0% during the third quarter. CWM LLC now owns 16,083 shares of the company's stock worth $508,000 after buying an additional 4,916 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of Keurig Dr Pepper by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 28,992 shares of the company's stock valued at $915,000 after purchasing an additional 1,093 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company's stock valued at $28,000 after purchasing an additional 818 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Keurig Dr Pepper by 271.5% in the 3rd quarter. IFP Advisors Inc now owns 4,852 shares of the company's stock valued at $153,000 after purchasing an additional 3,546 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP remained flat at $31.76 during trading hours on Tuesday. The company had a trading volume of 7,903,595 shares, compared to its average volume of 10,520,839. The company has a market cap of $44.07 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.66. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.99. The business's 50 day moving average is $30.26 and its two-hundred day moving average is $31.01.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. Keurig Dr Pepper's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.48%.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a report on Friday, February 23rd. Wedbush reduced their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday, February 26th. Morgan Stanley reduced their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a report on Monday, February 26th. Barclays raised their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Finally, Jefferies Financial Group cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $36.45.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the transaction, the insider now directly owns 331,487,357 shares of the company's stock, valued at approximately $9,579,984,617.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Robert S. Singer sold 12,132 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares of the company's stock, valued at $9,579,984,617.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,012,132 shares of company stock valued at $2,890,354,861. Corporate insiders own 0.81% 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.