State of Alaska Department of Revenue Sells 30,065 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

State of Alaska Department of Revenue reduced its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 219,108 shares of the company’s stock after selling 30,065 shares during the quarter. State of Alaska Department of Revenue’s holdings in Keurig Dr Pepper were worth $6,719,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KDP. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC bought a new position in Keurig Dr Pepper during the 4th quarter valued at approximately $34,000. Mather Group LLC. purchased a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $45,000. Ulland Investment Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Keurig Dr Pepper by 79.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after buying an additional 715 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group lifted their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Barclays increased their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their target price for the stock from $27.00 to $34.00 in a report on Monday, June 17th. BNP Paribas assumed coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. Finally, Wells Fargo & Company upped their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $36.57.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Patrick Minogue sold 17,293 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the sale, the insider now directly owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock valued at $2,750,739 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Down 0.2 %

KDP traded down $0.06 during trading on Wednesday, hitting $32.72. 5,339,239 shares of the company’s stock traded hands, compared to its average volume of 9,291,501. The stock has a market capitalization of $44.35 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.52 and a beta of 0.62. The company’s 50 day simple moving average is $33.97 and its two-hundred day simple moving average is $32.10. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.00. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s payout ratio is 55.48%.

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.