Keurig Dr Pepper Inc. (NASDAQ:KDP) Position Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 839,409 shares of the company’s stock after buying an additional 63,664 shares during the quarter. Teacher Retirement System of Texas’ holdings in Keurig Dr Pepper were worth $26,962,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KDP. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $37,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $61,000. R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $70,000. Finally, Cromwell Holdings LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $77,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KDP. Morgan Stanley increased 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. TD Cowen reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company 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. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Keurig Dr Pepper Trading Up 0.4 %

Shares of KDP stock opened at $33.55 on Friday. Keurig Dr Pepper Inc. has a 12 month low of $29.53 and a 12 month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $32.44 and its two-hundred day moving average is $33.68. The company has a market cap of $45.52 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

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

Keurig Dr Pepper Dividend Announcement

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

Insider Buying and Selling at Keurig Dr Pepper

In related 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 acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the sale, the insider now owns 178,511 shares in the company, valued at approximately $5,960,482.29. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,397,350 shares of company stock worth $2,756,292,570 over the last 90 days. Insiders own 1.00% of the company’s stock.

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.