California State Teachers Retirement System boosted its stake in Keurig Dr Pepper Inc (NYSE:KDP) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,742 shares of the company’s stock after purchasing an additional 6,699 shares during the period. California State Teachers Retirement System’s holdings in Keurig Dr Pepper were worth $7,250,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. lifted its stake in Keurig Dr Pepper by 1,732.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,034 shares of the company’s stock valued at $52,000 after purchasing an additional 1,923 shares during the last quarter. Moody National Bank Trust Division bought a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $128,000. Sit Investment Associates Inc. lifted its stake in Keurig Dr Pepper by 29.2% in the 4th quarter. Sit Investment Associates Inc. now owns 5,750 shares of the company’s stock valued at $147,000 after purchasing an additional 1,300 shares during the last quarter. IMS Capital Management acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $148,000. Finally, Rehmann Capital Advisory Group acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $289,000. 12.77% of the stock is owned by institutional investors and hedge funds.
In other news, insider Brian Andrew Loucks acquired 6,250 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $27.34 per share, for a total transaction of $170,875.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olivier Goudet acquired 20,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $25.43 per share, with a total value of $508,600.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 46,285 shares of company stock valued at $1,199,274. 0.58% of the stock is currently owned by corporate insiders.
Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Keurig Dr Pepper had a net margin of 9.53% and a return on equity of 11.13%. As a group, research analysts expect that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, April 4th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 57.69%.
KDP has been the subject of several recent research reports. Barclays restated a “buy” rating and issued a $31.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, March 19th. Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and set a $26.35 price target for the company in a research report on Tuesday, January 8th. UBS Group initiated coverage on shares of Keurig Dr Pepper in a research report on Thursday, December 13th. They issued a “buy” rating and a $32.00 price target for the company. SunTrust Banks initiated coverage on shares of Keurig Dr Pepper in a research report on Friday, December 7th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.39.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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