Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 9,130 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,391 shares of the company’s stock after buying an additional 9,130 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Keurig Dr Pepper were worth $7,689,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter worth $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth $37,000. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper during the 3rd quarter worth $61,000. R Squared Ltd acquired a new position in Keurig Dr Pepper during the 4th quarter worth $70,000. Finally, Cromwell Holdings LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth $77,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $33.55 on Friday. Keurig Dr Pepper Inc. has a 12-month low of $29.53 and a 12-month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $45.52 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The firm has a 50-day moving average price of $32.44 and a 200 day moving average price of $33.68.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Analysts Set New Price Targets

A number of research analysts have weighed in on KDP shares. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective for the company. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Insiders Place Their Bets

In related news, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,397,350 shares of company stock valued at $2,756,292,570. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Profile

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.