Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,581 shares of the company’s stock after purchasing an additional 16,684 shares during the quarter. Arizona State Retirement System’s holdings in Keurig Dr Pepper were worth $10,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth $35,000. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper in the fourth quarter valued at $37,000. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper in the third quarter valued at $61,000. Finally, R Squared Ltd purchased a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $70,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 0.7 %

Shares of NASDAQ:KDP opened at $33.53 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.62 and a fifty-two week 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 firm’s 50-day simple moving average is $32.03 and its 200-day simple moving average is $33.89. The company has a market cap of $45.49 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.01 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

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

Analyst Upgrades and Downgrades

KDP has been the subject of several research reports. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday, February 27th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, 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 note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,385,350 shares of company stock worth $2,755,891,890. 1.00% of the stock is owned by corporate insiders.

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.