Retirement Systems of Alabama Decreases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Retirement Systems of Alabama lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,311,693 shares of the company’s stock after selling 5,583 shares during the period. Retirement Systems of Alabama’s holdings in Keurig Dr Pepper were worth $110,346,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Keurig Dr Pepper in the third quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC bought a new stake in Keurig Dr Pepper during the fourth quarter valued at about $34,000. Ulland Investment Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter valued at about $50,000. Finally, Operose Advisors LLC grew its holdings in Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.4 %

Shares of NASDAQ KDP traded down $0.12 during midday trading on Friday, hitting $33.72. The company’s stock had a trading volume of 9,684,878 shares, compared to its average volume of 8,656,274. The company has a current ratio of 0.51, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $30.41 and its two-hundred day moving average is $31.08. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $34.65. The firm has a market cap of $46.79 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results 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 firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. Keurig Dr Pepper’s payout ratio is 55.48%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KDP shares. Royal Bank of Canada cut their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Morgan Stanley dropped their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Jefferies Financial Group decreased their target price on 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. Barclays upped their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, TD Cowen upped their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.33.

Insider Buying and Selling

In other news, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the sale, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert James Gamgort bought 171,821 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 over the last quarter. 0.81% of the stock is owned by corporate insiders.

Keurig Dr Pepper 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.