National Pension Service Purchases 58,594 Shares of Keurig Dr Pepper, Inc $KDP

National Pension Service raised its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.0% during the third quarter, Holdings Channel.com reports. The fund owned 2,031,297 shares of the company’s stock after purchasing an additional 58,594 shares during the quarter. National Pension Service’s holdings in Keurig Dr Pepper were worth $51,818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new position in shares of Keurig Dr Pepper during the second quarter valued at about $26,000. NewSquare Capital LLC lifted its position in 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 buying an additional 386 shares during the period. AlphaCore Capital LLC bought a new position in shares of Keurig Dr Pepper during the second quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $26,000. Finally, Mather Group LLC. bought a new position in Keurig Dr Pepper during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 2.3%

Shares of NASDAQ:KDP opened at $27.44 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The company has a market capitalization of $37.28 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.34. The business has a fifty day moving average price of $27.98 and a two-hundred day moving average price of $28.77. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Analyst Ratings Changes

Several brokerages have commented on KDP. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday. Barclays raised their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.87.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.