Public Employees Retirement Association of Colorado Has $4.75 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Public Employees Retirement Association of Colorado raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,115 shares of the company’s stock after buying an additional 1,042 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Keurig Dr Pepper were worth $4,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of 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 purchasing an additional 685 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $35,000. Finally, Riverview Trust Co acquired a new stake in Keurig Dr Pepper in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.1 %

KDP stock opened at $37.46 on Monday. The company has a market cap of $50.78 billion, a P/E ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $37.84. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $35.37 and a 200-day moving average of $33.47.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. BNP Paribas initiated coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price target on the stock. Wells Fargo & Company boosted their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price target for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Finally, Barclays decreased their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.50.

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.