Strs Ohio Decreases Position in Keurig Dr Pepper, Inc $KDP

Strs Ohio reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 305,286 shares of the company’s stock after selling 67,016 shares during the quarter. Strs Ohio’s holdings in Keurig Dr Pepper were worth $7,788,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Keurig Dr Pepper by 9.8% in the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock valued at $5,265,055,000 after acquiring an additional 14,244,768 shares in the last quarter. State Street Corp boosted its stake in shares of Keurig Dr Pepper by 11.2% in the second quarter. State Street Corp now owns 63,608,006 shares of the company’s stock valued at $2,117,279,000 after purchasing an additional 6,412,494 shares during the period. Invesco Ltd. grew its holdings in Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. Geode Capital Management LLC increased its stake in Keurig Dr Pepper by 13.5% during the 2nd quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock worth $994,275,000 after buying an additional 3,595,579 shares during the period. Finally, Norges Bank purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth $568,525,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 0.2%

NASDAQ:KDP opened at $27.70 on Tuesday. The company has a market cap of $37.63 billion, a PE ratio of 23.88, a P/E/G ratio of 1.91 and a beta of 0.34. The business’s 50 day moving average is $28.00 and its two-hundred day moving average is $28.94. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. On average, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.23 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.92 annualized dividend and a yield of 3.3%. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KDP shares. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Bank of America lowered their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. TD Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. The Goldman Sachs Group decreased their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Finally, Barclays lifted their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $34.87.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.