Public Employees Retirement Association of Colorado Has $4.75 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Public Employees Retirement Association of Colorado boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.7% in the second quarter, Holdings Channel reports. The firm owned 142,115 shares of the company’s stock after purchasing an additional 1,042 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Keurig Dr Pepper were worth $4,747,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KDP. Blue Trust Inc. boosted its holdings in shares of Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after buying an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after buying an additional 685 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after buying an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $35,000. Finally, Riverview Trust Co acquired a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Finally, UBS Group boosted their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $37.46 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average price is $35.37 and its two-hundred day moving average price is $33.47. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $37.84. The firm has a market capitalization of $50.78 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is 59.35%.

About Keurig Dr Pepper

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.