Texas Permanent School Fund Corp boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,880 shares of the company’s stock after purchasing an additional 31,254 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Keurig Dr Pepper were worth $6,563,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in KDP. Moneta Group Investment Advisors LLC boosted its holdings in Keurig Dr Pepper by 99,740.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock worth $11,586,469,000 after purchasing an additional 324,589,570 shares during the period. Capital World Investors boosted its holdings in Keurig Dr Pepper by 97.4% in the second quarter. Capital World Investors now owns 80,618,799 shares of the company’s stock worth $2,520,950,000 after purchasing an additional 39,779,422 shares during the period. Norges Bank acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $276,547,000. Vanguard Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 8.5% during the first quarter. Vanguard Group Inc. now owns 49,026,596 shares of the company’s stock valued at $1,858,108,000 after acquiring an additional 3,853,922 shares during the period. Finally, State Street Corp boosted its holdings in shares of Keurig Dr Pepper by 6.0% during the second quarter. State Street Corp now owns 37,359,724 shares of the company’s stock valued at $1,175,611,000 after acquiring an additional 2,104,943 shares during the period. Institutional investors and hedge funds own 52.29% of the company’s stock.
Keurig Dr Pepper Price Performance
Shares of Keurig Dr Pepper stock opened at $31.15 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.23 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $32.14 and its two-hundred day moving average price is $32.07. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $36.23. The stock has a market cap of $43.56 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.43 and a beta of 0.67.
Keurig Dr Pepper Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Jefferies Financial Group began coverage on shares of Keurig Dr Pepper in a report on Monday, November 13th. They set a “buy” rating and a $39.00 price target for the company. HSBC began coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They set a “hold” rating and a $37.00 price objective on the stock. Finally, Morgan Stanley cut shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective on the stock. in a research note on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.
Insiders Place Their Bets
In related news, insider Monique Oxender acquired 6,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of $32.72 per share, for a total transaction of $196,320.00. Following the acquisition, the insider now owns 56,848 shares in the company, valued at $1,860,066.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.81% of the stock is owned by company insiders.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
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