Oregon Public Employees Retirement Fund Grows Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Oregon Public Employees Retirement Fund boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,549 shares of the company’s stock after acquiring an additional 6,054 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Keurig Dr Pepper were worth $3,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $25,000. LRI Investments LLC bought a new position in Keurig Dr Pepper during the third quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at approximately $61,000. Catalyst Capital Advisors LLC increased its stake in Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after acquiring an additional 684 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $70,000. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday. TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 0.4 %

Shares of NASDAQ KDP opened at $33.60 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market cap of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.61. The business’s 50 day moving average price is $31.91 and its 200-day moving average price is $33.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. Keurig Dr Pepper’s payout ratio is 55.76%.

Keurig Dr Pepper Company 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.