Keurig Dr Pepper, Inc $KDP Shares Sold by Strs Ohio

Strs Ohio reduced its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,361 shares of the company’s stock after selling 17,106 shares during the period. Strs Ohio’s holdings in Keurig Dr Pepper were worth $7,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KDP. Salomon & Ludwin LLC acquired a new position in Keurig Dr Pepper in the 4th quarter worth $26,000. Activest Wealth Management grew its stake in shares of Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $31,000. Rossby Financial LCC increased its position in shares of Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in shares of Keurig Dr Pepper by 67.6% in the fourth quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after acquiring an additional 451 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on KDP shares. Deutsche Bank Aktiengesellschaft reduced their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a research report on Wednesday. Citigroup reduced their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $30.00 to $36.00 in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.40.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $33.30 on Monday. The stock’s 50 day moving average price is $30.34 and its two-hundred day moving average price is $28.63. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The stock has a market capitalization of $45.31 billion, a P/E ratio of 24.67, a PEG ratio of 1.52 and a beta of 0.40. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the business posted $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s payout ratio is currently 68.15%.

About Keurig Dr Pepper

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.