Texas Permanent School Fund Corp Raises Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Texas Permanent School Fund Corp increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,297 shares of the company’s stock after buying an additional 7,413 shares during the period. Texas Permanent School Fund Corp’s holdings in Keurig Dr Pepper were worth $6,603,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in shares of Keurig Dr Pepper by 49.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock valued at $48,880,000 after buying an additional 487,589 shares during the period. Commonwealth Equity Services LLC increased its position in Keurig Dr Pepper by 254.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after purchasing an additional 68,840 shares during the period. Franklin Resources Inc. boosted its stake in shares of Keurig Dr Pepper by 608.0% during the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after purchasing an additional 698,665 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Keurig Dr Pepper by 24.3% during the fourth quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock valued at $86,820,000 after buying an additional 509,393 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Keurig Dr Pepper in the fourth quarter worth approximately $3,616,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 0.2 %

Shares of KDP traded up $0.06 during midday trading on Friday, reaching $32.49. The company had a trading volume of 279,401 shares, compared to its average volume of 9,203,805. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.00. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $32.10. The stock has a market cap of $44.04 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.65%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Insiders Place Their Bets

In other news, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock worth $2,750,739 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group raised their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Barclays upped their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price objective for the company from $27.00 to $34.00 in a research report on Monday, June 17th. Finally, Jefferies Financial Group dropped their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

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.