Louisiana State Employees Retirement System Grows Stake in Keurig Dr Pepper, Inc $KDP

Louisiana State Employees Retirement System raised its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,000 shares of the company’s stock after acquiring an additional 7,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Keurig Dr Pepper were worth $5,653,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KDP. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at $25,000. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at $26,000. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at $43,000. Continuum Advisory LLC boosted its position in shares of Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after buying an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at $48,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 1.0%

NASDAQ KDP opened at $25.58 on Thursday. The stock’s 50-day moving average price is $29.67 and its 200-day moving average price is $32.36. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $37.27. The company has a market capitalization of $34.75 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 82.14%.

Insider Activity

In related news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This trade represents a 0.33% 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. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 435,601 shares of company stock valued at $14,421,512 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a report on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Wednesday. BNP Paribas downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Finally, Bank of America lowered their target price on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and a consensus price target of $35.00.

About Keurig Dr Pepper

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.