Public Sector Pension Investment Board Has $43.91 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Public Sector Pension Investment Board increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 39.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,171,557 shares of the company’s stock after purchasing an additional 332,500 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.09% of Keurig Dr Pepper worth $43,910,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KDP. FMR LLC grew its stake in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Keurig Dr Pepper by 5.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after buying an additional 730,297 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock valued at $445,648,000 after buying an additional 317,837 shares in the last quarter. Legal & General Group Plc grew its position in Keurig Dr Pepper by 6.5% in the second quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock valued at $333,057,000 after acquiring an additional 609,857 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Keurig Dr Pepper by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 7,130,632 shares of the company’s stock worth $238,163,000 after acquiring an additional 171,036 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.2 %

KDP stock opened at $32.58 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a market cap of $44.19 billion, a P/E ratio of 19.75, a PEG ratio of 2.54 and a beta of 0.63. The business has a fifty day moving average of $34.92 and a 200-day moving average of $34.68.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KDP shares. TD Cowen boosted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays cut their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.36.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

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.