Illinois Municipal Retirement Fund Has $18.78 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Illinois Municipal Retirement Fund boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 584,786 shares of the company's stock after buying an additional 108,030 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Keurig Dr Pepper were worth $18,783,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after purchasing an additional 242,315 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock worth $122,038,000 after acquiring an additional 22,657 shares during the period. Franklin Resources Inc. boosted its stake in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after acquiring an additional 41,466 shares during the period. Swedbank AB boosted its stake in shares of Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after acquiring an additional 13,179 shares during the period. Finally, LMR Partners LLP boosted its stake in shares of Keurig Dr Pepper by 55.5% during the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company's stock worth $19,527,000 after acquiring an additional 186,002 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $34.12 on Tuesday. The stock has a market capitalization of $46.28 billion, a PE ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business has a fifty day moving average price of $31.82 and a two-hundred day moving average price of $33.94. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.70%. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on KDP shares. TD Cowen reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday. Barclays reiterated an "overweight" rating and set a $36.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average price target of $37.50.

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.

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