Retirement Systems of Alabama Sells 5,583 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Retirement Systems of Alabama lessened its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,311,693 shares of the company’s stock after selling 5,583 shares during the period. Retirement Systems of Alabama owned 0.24% of Keurig Dr Pepper worth $110,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its position in Keurig Dr Pepper by 24.3% during the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock worth $86,820,000 after buying an additional 509,393 shares during the period. Arizona State Retirement System increased its position in shares of Keurig Dr Pepper by 14.2% in the fourth quarter. Arizona State Retirement System now owns 294,833 shares of the company’s stock worth $9,824,000 after purchasing an additional 36,560 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Keurig Dr Pepper by 43.8% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock worth $36,624,000 after purchasing an additional 334,954 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of Keurig Dr Pepper in the third quarter worth $245,000. Finally, Morgan Stanley increased its position in shares of Keurig Dr Pepper by 15.0% in the third quarter. Morgan Stanley now owns 7,994,795 shares of the company’s stock worth $252,396,000 after purchasing an additional 1,044,167 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.4 %

KDP stock traded down $0.12 during mid-day trading on Friday, reaching $33.72. The company’s stock had a trading volume of 9,684,878 shares, compared to its average volume of 8,656,274. The company has a market cap of $46.79 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.57 and a beta of 0.66. The business’s 50 day moving average price is $30.41 and its 200 day moving average price is $31.08. The company has a current ratio of 0.51, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Insider Activity

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Priyadarshi Sudhanshu bought 85,910 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, with a total value of $2,499,981.00. Following the completion of the transaction, the chief financial officer now directly owns 218,566 shares in the company, valued at $6,360,270.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold a total of 100,012,132 shares of company stock worth $2,890,354,861 over the last quarter. 0.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Morgan Stanley reduced 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. Wedbush reduced 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 reduced 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. Finally, Barclays raised their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.33.

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.