Louisiana State Employees Retirement System Purchases Shares of 158,500 Keurig Dr Pepper, Inc $KDP

Louisiana State Employees Retirement System acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 158,500 shares of the company’s stock, valued at approximately $4,173,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. NewEdge Advisors LLC boosted its position in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after acquiring an additional 3,627 shares in the last quarter. Empowered Funds LLC raised its position in Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares in the last quarter. Woodline Partners LP lifted its stake in Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,258 shares during the period. Sivia Capital Partners LLC bought a new position in Keurig Dr Pepper during the second quarter worth about $328,000. Finally, Jump Financial LLC boosted its holdings in Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after purchasing an additional 54,571 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $33.48 on Friday. The stock has a market capitalization of $45.56 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.49 and a beta of 0.41. The firm’s 50-day moving average price is $29.66 and its two-hundred day moving average price is $28.50. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, equities analysts predict 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 given a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 2.7%. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KDP shares. Barclays upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $36.00 in a research note on Thursday. Citigroup cut their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Wells Fargo & Company cut their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.40.

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.