Teachers Retirement System of The State of Kentucky Sells 1,402 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.9% during the third quarter, HoldingsChannel reports. The fund owned 72,939 shares of the company’s stock after selling 1,402 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Keurig Dr Pepper were worth $2,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coldstream Capital Management Inc. grew its stake in shares of Keurig Dr Pepper by 22.7% during the third quarter. Coldstream Capital Management Inc. now owns 8,972 shares of the company’s stock valued at $329,000 after buying an additional 1,660 shares during the last quarter. Geode Capital Management LLC grew its position in Keurig Dr Pepper by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after acquiring an additional 591,316 shares during the last quarter. M&T Bank Corp increased its stake in Keurig Dr Pepper by 5.1% in the third quarter. M&T Bank Corp now owns 74,943 shares of the company’s stock worth $2,808,000 after purchasing an additional 3,664 shares during the period. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper during the third quarter worth $35,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Keurig Dr Pepper by 8.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 376,919 shares of the company’s stock valued at $14,127,000 after purchasing an additional 29,755 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was 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 of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KDP. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a research note on Thursday. Royal Bank of Canada lifted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. TD Cowen lifted their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, Barclays decreased their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Keurig Dr Pepper Trading Down 0.8 %

Shares of NASDAQ:KDP opened at $33.55 on Monday. The business’s 50-day moving average is $33.88 and its 200 day moving average is $34.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The firm has a market capitalization of $45.51 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.57 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting 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 company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the business earned $0.48 EPS. Keurig Dr Pepper’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.23 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Keurig Dr Pepper 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.