Illinois Municipal Retirement Fund Sells 103,324 Shares of Keurig Dr Pepper, Inc $KDP

Illinois Municipal Retirement Fund cut its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.3% in the 1st quarter, HoldingsChannel reports. The fund owned 461,189 shares of the company’s stock after selling 103,324 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Keurig Dr Pepper were worth $12,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KDP. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $26,000. Activest Wealth Management boosted its stake in shares of Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares during the period. Washington Trust Advisors Inc. purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $31,000. Rossby Financial LCC grew its holdings in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the last quarter. Finally, GW&K Investment Management LLC grew its holdings in shares of Keurig Dr Pepper by 67.6% in the fourth quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on KDP. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, UBS Group upped their price objective on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.07.

Keurig Dr Pepper Price Performance

KDP opened at $31.38 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The stock has a market capitalization of $42.69 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.38 and a beta of 0.40. The stock’s 50 day moving average price is $30.75 and its 200-day moving average price is $28.82.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a $0.23 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Keurig Dr Pepper Company 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.