Kentucky Retirement Systems Insurance Trust Fund Reduces Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,317 shares of the company’s stock after selling 2,350 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Keurig Dr Pepper were worth $1,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. Blue Trust Inc. grew its position in shares of Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after buying an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after acquiring an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after acquiring an additional 301 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Keurig Dr Pepper in the second quarter valued at $35,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Citigroup cut their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays cut their target price on shares of 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, Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $38.36.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Down 5.2 %

Keurig Dr Pepper stock opened at $31.66 on Monday. The stock’s 50 day moving average price is $35.73 and its 200 day moving average price is $34.78. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The company has a market cap of $42.95 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63. 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 (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $0.48 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

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.