Oregon Public Employees Retirement Fund Has $3.96 Million Stock Position in Keurig Dr Pepper, Inc $KDP

Oregon Public Employees Retirement Fund boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,313 shares of the company’s stock after purchasing an additional 38,004 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Keurig Dr Pepper were worth $3,962,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Truist Financial Corp lifted its stake in shares of Keurig Dr Pepper by 15.2% in the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after buying an additional 39,916 shares in the last quarter. LBP AM SA raised its holdings in shares of Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after acquiring an additional 519,851 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Keurig Dr Pepper by 9.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock valued at $5,038,000 after acquiring an additional 12,530 shares in the last quarter. State of Michigan Retirement System boosted its stake in Keurig Dr Pepper by 14.0% during the 2nd quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock valued at $12,209,000 after purchasing an additional 45,400 shares during the last quarter. Finally, Callan Family Office LLC increased its holdings in Keurig Dr Pepper by 290.4% during the 2nd quarter. Callan Family Office LLC now owns 28,458 shares of the company’s stock worth $941,000 after purchasing an additional 21,168 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KDP shares. Bank of America reduced their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. BNP Paribas cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. The Goldman Sachs Group cut their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.87.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $27.79 on Friday. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The stock’s fifty day moving average price is $27.76 and its two-hundred day moving average price is $29.41. The firm has a market cap of $37.75 billion, a PE ratio of 23.96, a PEG ratio of 1.91 and a beta of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s payout ratio is 79.31%.

Keurig Dr Pepper Profile

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.