State of Tennessee Department of Treasury Grows Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

State of Tennessee Department of Treasury boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,297 shares of the company's stock after acquiring an additional 28,897 shares during the quarter. State of Tennessee Department of Treasury's holdings in Keurig Dr Pepper were worth $11,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. Tower Research Capital LLC TRC raised its holdings in Keurig Dr Pepper by 190.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 133,204 shares of the company's stock worth $4,279,000 after buying an additional 87,376 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Keurig Dr Pepper by 10.8% during the 4th quarter. MML Investors Services LLC now owns 50,367 shares of the company's stock worth $1,618,000 after purchasing an additional 4,928 shares during the last quarter. MetLife Investment Management LLC boosted its position in Keurig Dr Pepper by 8.3% during the fourth quarter. MetLife Investment Management LLC now owns 297,892 shares of the company's stock worth $9,568,000 after purchasing an additional 22,810 shares during the period. Norinchukin Bank The raised its holdings in Keurig Dr Pepper by 11.2% during the 4th quarter. Norinchukin Bank The now owns 60,463 shares of the company's stock valued at $1,942,000 after acquiring an additional 6,102 shares during the period. Finally, Capital International Inc. CA grew its stake in Keurig Dr Pepper by 28.0% during the fourth quarter. Capital International Inc. CA now owns 580,690 shares of the company's stock valued at $18,652,000 after acquiring an additional 127,183 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now directly owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the sale, the insider now directly owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. This represents a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010 over the last quarter. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded up $0.12 on Tuesday, hitting $34.16. The company had a trading volume of 1,632,484 shares, compared to its average volume of 10,000,661. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company has a market capitalization of $46.34 billion, a PE ratio of 20.69, a PEG ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company's fifty day moving average price is $34.15 and its 200-day moving average price is $33.17.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates 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. Keurig Dr Pepper's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.69%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Analysts Set New Price Targets

KDP has been the topic of several recent research reports. Barclays raised their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target 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 raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the company from $36.00 to $42.00 in a report on Friday. Finally, UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Four 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.33.

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.