Keurig Dr Pepper, Inc $KDP Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 431,013 shares of the company’s stock after selling 57,505 shares during the period. Illinois Municipal Retirement Fund’s holdings in Keurig Dr Pepper were worth $13,077,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter worth $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Keurig Dr Pepper during the second quarter worth approximately $767,105,000. Dimensional Fund Advisors LP grew its position in shares of Keurig Dr Pepper by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after purchasing an additional 103,505 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Keurig Dr Pepper in the second quarter worth $281,503,000. Finally, Legal & General Group Plc acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $269,336,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela Stephens sold 9,500 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the sale, the vice president directly owned 55,786 shares of the company’s stock, valued at approximately $1,824,202.20. This represents a 14.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Aaron Alt purchased 7,862 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the acquisition, the director directly owned 7,862 shares of the company’s stock, valued at $250,247.46. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.34% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $38.25 on Thursday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $38.29. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $52.05 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 1.79 and a beta of 0.35. The stock has a fifty day simple moving average of $33.21 and a 200 day simple moving average of $30.35.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Keurig Dr Pepper had a net margin of 7.12% and a return on equity of 11.27%. The company had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.33 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 70.6% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.31 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 84.40%.

Analyst Ratings Changes

KDP has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, November 4th. TD Cowen lifted their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, November 4th. Deutsche Bank increased their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Finally, Evercore raised their price objective on Keurig Dr Pepper from $30.00 to $32.00 in a research note on Thursday, October 8th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.29.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc. (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods. The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.