State of New Jersey Common Pension Fund D Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

State of New Jersey Common Pension Fund D boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 563,679 shares of the company’s stock after purchasing an additional 65,081 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Keurig Dr Pepper were worth $18,782,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Syon Capital LLC acquired a new position in Keurig Dr Pepper in the fourth quarter valued at $269,000. Meritage Portfolio Management boosted its stake in shares of Keurig Dr Pepper by 53.5% during the fourth quarter. Meritage Portfolio Management now owns 140,415 shares of the company’s stock worth $4,679,000 after buying an additional 48,946 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Keurig Dr Pepper by 24.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,249 shares of the company’s stock worth $741,000 after buying an additional 4,367 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Keurig Dr Pepper by 23.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 59,037 shares of the company’s stock worth $1,967,000 after buying an additional 11,106 shares during the period. Finally, Alaska Permanent Fund Corp boosted its stake in shares of Keurig Dr Pepper by 2.2% during the fourth quarter. Alaska Permanent Fund Corp now owns 339,602 shares of the company’s stock worth $11,316,000 after buying an additional 7,210 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Keurig Dr Pepper news, CEO Robert James Gamgort bought 171,821 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the acquisition, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the sale, the insider now directly owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 in the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded up $1.50 during mid-day trading on Thursday, reaching $33.84. The company had a trading volume of 14,556,949 shares, compared to its average volume of 10,583,378. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The company has a market capitalization of $46.96 billion, a P/E ratio of 21.61, a P/E/G ratio of 2.42 and a beta of 0.66. The stock’s 50-day simple moving average is $30.30 and its 200-day simple moving average is $31.03.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.54%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Barclays increased their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Royal Bank of Canada decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Morgan Stanley cut their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Finally, Wedbush cut their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Company 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.