Alaska Permanent Fund Corp Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Alaska Permanent Fund Corp raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 339,602 shares of the company’s stock after acquiring an additional 7,210 shares during the period. Alaska Permanent Fund Corp’s holdings in Keurig Dr Pepper were worth $11,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $189,000. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Keurig Dr Pepper by 6.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 12,187 shares of the company’s stock worth $407,000 after acquiring an additional 709 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Keurig Dr Pepper by 28.4% in the 4th quarter. Handelsbanken Fonder AB now owns 508,089 shares of the company’s stock worth $16,930,000 after acquiring an additional 112,419 shares during the period. CWM LLC grew its holdings in shares of Keurig Dr Pepper by 17.6% in the 4th quarter. CWM LLC now owns 18,913 shares of the company’s stock worth $630,000 after acquiring an additional 2,830 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Keurig Dr Pepper by 12.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 115,359 shares of the company’s stock valued at $3,844,000 after buying an additional 12,902 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the sale, the insider now directly owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Priyadarshi Sudhanshu bought 85,910 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the completion of the acquisition, the chief financial officer now directly owns 218,566 shares in the company, valued at $6,360,270.60. The disclosure for this purchase can be found here. In the last three months, insiders sold 100,012,132 shares of company stock valued at $2,890,354,861. Company insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Up 4.0 %

Shares of KDP traded up $1.29 during midday trading on Thursday, hitting $33.63. The company had a trading volume of 1,109,515 shares, compared to its average volume of 10,409,657. The company’s 50 day moving average price is $30.30 and its 200 day moving average price is $31.03. The stock has a market cap of $46.66 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.42 and a beta of 0.66. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.80. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the business posted $0.50 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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. This represents a $0.86 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wedbush reduced their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Barclays increased their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Morgan Stanley cut their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Finally, Royal Bank of Canada cut their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.45.

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.