Illinois Municipal Retirement Fund Sells 70,863 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Illinois Municipal Retirement Fund decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,603 shares of the company’s stock after selling 70,863 shares during the period. Illinois Municipal Retirement Fund’s holdings in Keurig Dr Pepper were worth $11,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. OFI Invest Asset Management bought a new position in shares of Keurig Dr Pepper during the third quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its stake in shares of Keurig Dr Pepper by 973.8% during the third quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after purchasing an additional 818 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $34,000. Finally, Ulland Investment Advisors LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $50,000. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the transaction, the insider now owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert James Gamgort bought 171,821 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The disclosure for this purchase can be found here. In the last quarter, insiders sold 100,012,132 shares of company stock worth $2,890,354,861. Insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Trading Down 0.1 %

KDP traded down $0.03 during midday trading on Tuesday, hitting $31.73. 2,880,014 shares of the company were exchanged, compared to its average volume of 10,455,229. The firm has a market capitalization of $44.03 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.40 and a beta of 0.66. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.99. The firm’s 50 day moving average price is $30.26 and its 200-day moving average price is $31.01. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company posted $0.50 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.71%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KDP. Wedbush lowered their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Royal Bank of Canada lowered their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Morgan Stanley lowered their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Finally, Barclays raised their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.45.

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.