State of New Jersey Common Pension Fund D Boosts Stock Position in Keurig Dr Pepper, Inc $KDP

State of New Jersey Common Pension Fund D lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 7.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 443,668 shares of the company’s stock after buying an additional 29,106 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Keurig Dr Pepper were worth $11,318,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its position in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 386 shares during the period. AlphaCore Capital LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $26,000. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after buying an additional 1,023 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 484 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Down 0.7%

NASDAQ KDP opened at $29.69 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The business’s fifty day simple moving average is $28.15 and its 200-day simple moving average is $28.41. The firm has a market cap of $40.34 billion, a PE ratio of 25.60, a P/E/G ratio of 2.03 and a beta of 0.34.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. UBS Group restated a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Wells Fargo & Company upped their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.87.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.