Keurig Dr Pepper, Inc $KDP Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 14.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,476,530 shares of the company’s stock after selling 728,454 shares during the period. California Public Employees Retirement System owned approximately 0.33% of Keurig Dr Pepper worth $147,994,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Croban raised its position in Keurig Dr Pepper by 0.9% in the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after acquiring an additional 294 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in Keurig Dr Pepper by 3.5% during the second quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock valued at $384,000 after purchasing an additional 395 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in Keurig Dr Pepper by 4.2% during the second quarter. Checchi Capital Advisers LLC now owns 9,885 shares of the company’s stock worth $327,000 after buying an additional 400 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 0.4%

Shares of NASDAQ KDP opened at $28.69 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The business has a 50-day moving average price of $27.03 and a two-hundred day moving average price of $30.24. The firm has a market capitalization of $38.98 billion, a PE ratio of 24.73, a PEG ratio of 1.85 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KDP shares. BNP Paribas cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Piper Sandler reduced their target price on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and an average target price of $35.27.

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.