Teachers Retirement System of The State of Kentucky Sells 1,402 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Teachers Retirement System of The State of Kentucky decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,939 shares of the company’s stock after selling 1,402 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Keurig Dr Pepper were worth $2,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $25,000. Blue Trust Inc. boosted its position in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after purchasing an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $35,000. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 0.8 %

KDP stock opened at $33.55 on Monday. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The business has a 50 day simple moving average of $33.88 and a two-hundred day simple moving average of $34.61.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. TD Cowen boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Barclays decreased their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the stock from $37.00 to $39.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

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.