Utah Retirement Systems acquired a new position in shares of Keurig Dr Pepper Inc (NYSE:KDP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 33,351 shares of the company’s stock, valued at approximately $773,000.
A number of other hedge funds have also made changes to their positions in the stock. Assetmark Inc. acquired a new position in Keurig Dr Pepper during the third quarter worth $228,000. Renaissance Technologies LLC acquired a new position in Keurig Dr Pepper during the third quarter worth $106,865,000. Citadel Advisors LLC acquired a new position in Keurig Dr Pepper during the third quarter worth $24,855,000. InterOcean Capital LLC acquired a new position in Keurig Dr Pepper during the third quarter worth $274,000. Finally, Kepos Capital LP acquired a new position in Keurig Dr Pepper during the third quarter worth $3,823,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.
KDP opened at $26.30 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65. The firm has a market cap of $36.54 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 1.46 and a beta of 0.47. Keurig Dr Pepper Inc has a one year low of $20.46 and a one year high of $126.65.
Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Wednesday, November 7th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. Keurig Dr Pepper had a return on equity of 15.76% and a net margin of 13.55%. Keurig Dr Pepper’s quarterly revenue was up 139.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities analysts anticipate that Keurig Dr Pepper Inc will post 1.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.28%. Keurig Dr Pepper’s payout ratio is 13.22%.
A number of brokerages recently weighed in on KDP. SunTrust Banks began coverage on Keurig Dr Pepper in a report on Friday. They set a “buy” rating and a $35.00 price objective on the stock. Zacks Investment Research lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Citigroup upped their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 13th. Gabelli lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $28.48 price objective on the stock. in a report on Thursday, November 8th. Finally, ValuEngine raised Keurig Dr Pepper from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.86.
In other news, Director Robert S. Singer bought 5,000 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were bought at an average cost of $28.35 per share, for a total transaction of $141,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Andrew Loucks bought 1,600 shares of the firm’s stock in a transaction on Friday, December 7th. The shares were purchased at an average price of $25.85 per share, for a total transaction of $41,360.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 94,968 shares of company stock worth $2,411,672. 0.58% of the stock is owned by company insiders.
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Keurig Dr Pepper Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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