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

Utah Retirement Systems lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 185,797 shares of the company’s stock after purchasing 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 reporting period.

A number of other hedge funds have also made changes to their positions in KDP. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after buying an additional 242,315 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock worth $10,400,000 after acquiring an additional 112,819 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after acquiring an additional 41,466 shares during the last quarter. Swedbank AB lifted its position in shares of Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after purchasing an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP grew its stake in shares of Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock valued at $49,885,000 after purchasing an additional 398,916 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $34.04 on Friday. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $46.23 billion, a PE ratio of 20.63, a PEG ratio of 2.42 and a beta of 0.54. The stock’s fifty day simple moving average is $34.18 and its 200 day simple moving average is $33.17.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s payout ratio is presently 83.64%.

Insiders Place Their Bets

In other news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the completion of the transaction, the director now directly owns 2,846,490 shares in the company, valued at $97,122,238.80. This represents a 6.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the sale, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. The trade was a 7.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,837,350 shares of company stock worth $2,771,297,650. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group upped their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $36.00 to $42.00 in a research note on Friday, April 25th. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Argus initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

About Keurig Dr Pepper

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.