Keurig Dr Pepper, Inc $KDP Stock Holdings Increased by South Dakota Investment Council

South Dakota Investment Council increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 46.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 63,200 shares of the company’s stock after buying an additional 19,900 shares during the quarter. South Dakota Investment Council’s holdings in Keurig Dr Pepper were worth $1,664,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KDP. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 8th. Barclays upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus target price of $33.40.

Keurig Dr Pepper Stock Down 1.4%

Keurig Dr Pepper stock opened at $31.12 on Friday. The company has a market capitalization of $42.34 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.44 and a beta of 0.40. The firm’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $29.03. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

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.