State of Alaska Department of Revenue Has $6.72 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

State of Alaska Department of Revenue decreased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 219,108 shares of the company’s stock after selling 30,065 shares during the quarter. State of Alaska Department of Revenue’s holdings in Keurig Dr Pepper were worth $6,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors grew its position in Keurig Dr Pepper by 14.6% during the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock worth $2,766,059,000 after acquiring an additional 818,426 shares during the last quarter. Capital International Investors increased its stake in shares of Keurig Dr Pepper by 1.3% in the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after acquiring an additional 730,112 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Keurig Dr Pepper by 2.3% during the third quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after acquiring an additional 953,639 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Keurig Dr Pepper by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after purchasing an additional 1,518,286 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.06 during trading on Wednesday, hitting $32.72. 5,339,239 shares of the stock traded hands, compared to its average volume of 9,291,501. The stock has a market cap of $44.35 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.52 and a beta of 0.62. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.00. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $33.97 and a 200 day simple moving average of $32.10.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.63%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Wall Street Analyst Weigh In

KDP has been the subject of several research reports. UBS Group lifted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their target price for the company from $27.00 to $34.00 in a research note on Monday, June 17th. BNP Paribas assumed coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.57.

Insiders Place Their Bets

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s 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 transaction, the insider now owns 12,565 shares in the company, valued at approximately $429,597.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Keurig Dr Pepper news, 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 transaction of $1,056,097.14. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The disclosure for this sale can be found here. Insiders have sold a total of 81,520 shares of company stock valued at $2,750,739 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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.