Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $7.69 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 239,391 shares of the company’s stock after purchasing an additional 9,130 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Keurig Dr Pepper were worth $7,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KDP. Caprock Group LLC boosted its stake in Keurig Dr Pepper by 4.1% in the third quarter. Caprock Group LLC now owns 22,948 shares of the company’s stock valued at $866,000 after acquiring an additional 897 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Keurig Dr Pepper in the third quarter valued at approximately $2,513,000. PNC Financial Services Group Inc. boosted its stake in Keurig Dr Pepper by 11.1% in the third quarter. PNC Financial Services Group Inc. now owns 158,365 shares of the company’s stock valued at $5,936,000 after acquiring an additional 15,779 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Keurig Dr Pepper by 18.8% in the third quarter. First Horizon Advisors Inc. now owns 5,868 shares of the company’s stock valued at $220,000 after acquiring an additional 928 shares during the last quarter. Finally, Cornerstone Advisors LLC boosted its stake in Keurig Dr Pepper by 11.2% in the third quarter. Cornerstone Advisors LLC now owns 49,800 shares of the company’s stock valued at $1,867,000 after acquiring an additional 5,000 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KDP has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. TD Cowen reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Morgan Stanley lifted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,397,350 shares of company stock worth $2,756,292,570. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 0.4 %

Shares of KDP stock opened at $33.55 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1 year low of $29.53 and a 1 year high of $38.28. The firm’s fifty day moving average price is $32.44 and its two-hundred day moving average price is $33.68. The firm has a market capitalization of $45.52 billion, a P/E ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $0.55 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s payout ratio is currently 87.62%.

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.