New York State Common Retirement Fund Has $55.61 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

New York State Common Retirement Fund decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,483,638 shares of the company’s stock after selling 5,300 shares during the period. New York State Common Retirement Fund owned about 0.11% of Keurig Dr Pepper worth $55,607,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norden Group LLC acquired a new position in Keurig Dr Pepper during the 1st quarter worth $1,315,000. BNP Paribas Financial Markets grew its stake in shares of Keurig Dr Pepper by 50.1% during the first quarter. BNP Paribas Financial Markets now owns 2,683,734 shares of the company’s stock worth $82,310,000 after buying an additional 895,605 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Keurig Dr Pepper by 10.6% during the first quarter. Janney Montgomery Scott LLC now owns 85,567 shares of the company’s stock worth $2,624,000 after buying an additional 8,192 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Keurig Dr Pepper by 10.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,615 shares of the company’s stock worth $755,000 after buying an additional 2,366 shares during the last quarter. Finally, Tobam grew its stake in shares of Keurig Dr Pepper by 59.8% in the first quarter. Tobam now owns 7,923 shares of the company’s stock worth $243,000 after purchasing an additional 2,964 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Trading Down 0.4 %

Shares of KDP stock opened at $32.82 on Friday. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The company has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $34.70. The company has a market capitalization of $44.52 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.55 and a beta of 0.62. 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 (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.23 per share. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. TD Cowen boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Barclays lowered their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.36.

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.