Oregon Public Employees Retirement Fund Boosts Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Oregon Public Employees Retirement Fund lifted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.7% in the fourth quarter, Holdings Channel reports. The firm owned 96,549 shares of the company’s stock after buying an additional 6,054 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Keurig Dr Pepper were worth $3,101,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KDP. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth $35,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper in the 3rd quarter worth $61,000. Catalyst Capital Advisors LLC lifted its position in Keurig Dr Pepper by 52.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after acquiring an additional 684 shares during the period. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.60 on Friday. The stock has a market capitalization of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.61. The stock has a 50-day moving average of $31.91 and a 200 day moving average of $33.94. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Analyst Ratings Changes

KDP has been the subject of a number of research reports. Morgan Stanley lifted their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. Piper Sandler started coverage on shares of Keurig Dr Pepper in a report on Tuesday. They issued a “neutral” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Keurig Dr Pepper Company 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.