Keurig Dr Pepper, Inc $KDP Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,944 shares of the company’s stock after acquiring an additional 7,152 shares during the period. Maryland State Retirement & Pension System’s holdings in Keurig Dr Pepper were worth $2,081,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Amundi increased its holdings in shares of Keurig Dr Pepper by 7.7% in the 1st quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after acquiring an additional 315,290 shares during the period. Dynamic Technology Lab Private Ltd grew its position in Keurig Dr Pepper by 61.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after buying an additional 23,167 shares in the last quarter. Truist Financial Corp grew its position in Keurig Dr Pepper by 15.2% in the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after buying an additional 39,916 shares in the last quarter. LBP AM SA grew its position in Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after buying an additional 519,851 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Keurig Dr Pepper by 9.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock valued at $5,038,000 after buying an additional 12,530 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $25.82 on Friday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $37.27. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $29.39 and a 200-day moving average of $32.25. The firm has a market cap of $35.07 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. Keurig Dr Pepper’s dividend payout ratio is currently 82.14%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KDP. Citigroup decreased their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. BNP Paribas lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Bank of America decreased their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler decreased their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, HSBC reiterated 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. Eleven investment 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. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and a consensus price target of $35.00.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares of the company’s stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $272,951.91. Following the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 435,601 shares of company stock valued at $14,421,512 over the last ninety days. Insiders own 0.40% of the company’s stock.

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.