New York State Common Retirement Fund Raises Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

New York State Common Retirement Fund boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,545,438 shares of the company's stock after buying an additional 61,800 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Keurig Dr Pepper worth $49,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of KDP. AMF Tjanstepension AB purchased a new position in Keurig Dr Pepper during the third quarter worth $2,557,000. Bleakley Financial Group LLC lifted its position in shares of Keurig Dr Pepper by 6.4% during the third quarter. Bleakley Financial Group LLC now owns 9,553 shares of the company's stock worth $358,000 after purchasing an additional 574 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Keurig Dr Pepper by 343.6% during the third quarter. Blue Trust Inc. now owns 3,766 shares of the company's stock worth $141,000 after purchasing an additional 2,917 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Keurig Dr Pepper by 14.9% during the third quarter. Sequoia Financial Advisors LLC now owns 12,739 shares of the company's stock worth $477,000 after purchasing an additional 1,651 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Keurig Dr Pepper by 6.6% during the third quarter. Signaturefd LLC now owns 11,517 shares of the company's stock worth $432,000 after purchasing an additional 713 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on KDP. Jefferies Financial Group decreased their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, October 25th. TD Cowen decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Barclays decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Royal Bank of Canada lifted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average target price of $37.50.

Keurig Dr Pepper Stock Up 2.9 %

Keurig Dr Pepper stock traded up $0.96 during trading hours on Friday, reaching $34.10. The stock had a trading volume of 12,172,378 shares, compared to its average volume of 8,649,618. The company has a market cap of $46.26 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.39 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's 50 day moving average price is $31.79 and its 200-day moving average price is $33.95. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

Keurig Dr Pepper Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.70%. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

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.