Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Position Raised by State of Michigan Retirement System

State of Michigan Retirement System increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,400 shares of the company’s stock after acquiring an additional 9,800 shares during the quarter. State of Michigan Retirement System’s holdings in Keurig Dr Pepper were worth $8,753,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KDP. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth approximately $34,000. Mather Group LLC. acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at approximately $45,000. Ulland Investment Advisors LLC bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Keurig Dr Pepper by 79.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after acquiring an additional 715 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. TD Cowen raised their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Barclays boosted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. UBS Group increased their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, BNP Paribas assumed coverage on Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.57.

Keurig Dr Pepper Trading Down 0.2 %

KDP stock traded down $0.06 during mid-day trading on Tuesday, reaching $32.78. 9,243,300 shares of the stock traded hands, compared to its average volume of 9,317,968. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.00. The stock’s fifty day moving average is $33.95 and its 200-day moving average is $32.09. The company has a market cap of $44.44 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.52 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.62%. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Insider Activity at Keurig Dr Pepper

In other news, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the sale, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the transaction, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,520 shares of company stock valued at $2,750,739. Company insiders own 1.00% of the company’s stock.

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.