Teacher Retirement System of Texas Has $7.47 Million Position in Keurig Dr Pepper, Inc $KDP

Teacher Retirement System of Texas lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 40.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,862 shares of the company’s stock after selling 154,352 shares during the quarter. Teacher Retirement System of Texas’ holdings in Keurig Dr Pepper were worth $7,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Croban increased its position in Keurig Dr Pepper by 0.9% during the 2nd quarter. Croban now owns 31,849 shares of the company’s stock valued at $1,053,000 after purchasing an additional 294 shares during the period. Private Trust Co. NA increased its position in Keurig Dr Pepper by 26.4% during the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after purchasing an additional 339 shares during the period. Commerce Bank increased its position in Keurig Dr Pepper by 1.6% during the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after purchasing an additional 340 shares during the period. Allworth Financial LP increased its position in Keurig Dr Pepper by 3.8% during the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock valued at $353,000 after purchasing an additional 371 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in Keurig Dr Pepper by 3.5% during the 2nd quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock valued at $384,000 after purchasing an additional 395 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $27.68 on Friday. The company has a market cap of $37.61 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $27.47 and a 200-day moving average of $31.57.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm posted $0.51 EPS. Keurig Dr Pepper’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. This represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KDP. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. The Goldman Sachs Group cut their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Citigroup cut their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 8th. Finally, Piper Sandler cut their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.27.

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.