Police & Firemen s Retirement System of New Jersey Increases Stock Holdings in Keurig Dr Pepper, Inc $KDP

Police & Firemen s Retirement System of New Jersey increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 196,271 shares of the company’s stock after purchasing an additional 22,850 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Keurig Dr Pepper were worth $6,489,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper during the 1st quarter valued at $25,000. Chung Wu Investment Group LLC purchased a new position in Keurig Dr Pepper in the 2nd quarter valued at about $26,000. NewSquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after acquiring an additional 386 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth about $43,000. Finally, Private Trust Co. NA raised its position in shares of Keurig Dr Pepper by 26.4% in 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 in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 0.5%

Shares of NASDAQ KDP opened at $27.13 on Friday. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a market cap of $36.86 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $26.77 and its 200 day simple moving average is $30.92.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. HSBC reissued a “hold” rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a research note on Monday, August 25th. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. UBS Group reiterated a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Finally, TD Cowen reduced their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.27.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

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.