New Mexico Educational Retirement Board Cuts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

New Mexico Educational Retirement Board reduced its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,400 shares of the company’s stock after selling 600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Keurig Dr Pepper were worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chevy Chase Trust Holdings LLC grew its holdings in shares of Keurig Dr Pepper by 4.2% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 591,514 shares of the company’s stock valued at $18,999,000 after buying an additional 23,743 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Keurig Dr Pepper by 6.4% during the fourth quarter. V Square Quantitative Management LLC now owns 23,143 shares of the company’s stock valued at $743,000 after buying an additional 1,386 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Keurig Dr Pepper by 1.0% during the fourth quarter. Vontobel Holding Ltd. now owns 154,065 shares of the company’s stock valued at $4,949,000 after buying an additional 1,459 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Keurig Dr Pepper by 5.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 570,010 shares of the company’s stock valued at $18,394,000 after buying an additional 30,751 shares during the last quarter. Finally, Avestar Capital LLC grew its holdings in shares of Keurig Dr Pepper by 15.1% during the fourth quarter. Avestar Capital LLC now owns 22,613 shares of the company’s stock valued at $726,000 after buying an additional 2,965 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 0.7 %

Shares of Keurig Dr Pepper stock opened at $31.65 on Monday. The firm has a 50-day simple moving average of $31.87 and a two-hundred day simple moving average of $34.01. The company has a market cap of $42.93 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61. 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.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KDP. Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barclays decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Citigroup decreased their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

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.