Keurig Dr Pepper, Inc $KDP Shares Sold by Strs Ohio

Strs Ohio lowered its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,361 shares of the company’s stock after selling 17,106 shares during the period. Strs Ohio’s holdings in Keurig Dr Pepper were worth $7,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KDP. NewEdge Advisors LLC boosted its position in Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after purchasing an additional 3,627 shares during the period. Empowered Funds LLC increased its position in Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares during the period. Woodline Partners LP lifted its stake in Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after buying an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Keurig Dr Pepper in the second quarter valued at $328,000. Finally, Jump Financial LLC boosted its holdings in shares of Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after acquiring an additional 54,571 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KDP has been the subject of several recent research reports. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.40.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $33.30 on Monday. The stock has a market cap of $45.31 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.52 and a beta of 0.40. The firm’s 50-day simple moving average is $30.34 and its 200 day simple moving average is $28.63. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Equities analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.8%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Keurig Dr Pepper Company 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.