The New York State Common Retirement Fund reduced its stake in Keurig Dr. Pepper Inc. (NASDAQ:KDP-received rating) up 28.1% in the third quarter, according to the latest filing with the SEC. The company owned 1,484,415 shares of the company's shares after selling 579,869 shares during the period. The New York State Common Retirement Fund owned about 0.10% of Keurig Dr. Pepper valued at $53,172,000.
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- Is Keurig-Dr. Pepper a value worth buying?
A number of other major investors recently added to or reduced their stakes in KDP. Quantinno Capital Management LP increased its position in Keurig Dr. Pepper up 14.8% in the third quarter. Quantinno Capital Management LP now owns 16,830 shares of the company's stock valued at $603,000 after purchasing an additional 2,169 shares last quarter. KBC Group NV increased its position in Keurig Dr. Pepper up 8.9% in the third quarter. KBC Group NV now owns 1,024,166 shares in the company, valued at $36,686,000, having bought a further 83,773 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Keurig Dr. Pepper up 1.6% in the third quarter. Cullen Frost Bankers Inc. now owns 35,817 shares of the company's stock valued at $1,283,000 after purchasing an additional 565 shares last quarter. CAPROCK Group Inc. increased its position in Keurig Dr. Pepper up 101.1% in the third quarter. CAPROCK Group Inc. now owns 15,960 shares of the company's stock valued at $574,000 after purchasing an additional 8,025 shares last quarter. Finally, Nisa Investment Advisors LLC increased its position in Keurig Dr. Pepper up 40.9% in the third quarter. Nisa Investment Advisors LLC now owns 211,301 shares of the company's stock valued at $7,601,000 after purchasing an additional 61,321 shares last quarter. 52.29% of the shares are currently owned by institutional investors and hedge funds.
Insider buys and sells at Keurig Dr Pepper
More news from Keurig Dr. Pepper, CEORobert James Gamgortsold 125,000 shares of the company's stock in a transaction that took place on Friday, January 6th. The stock sold at an average price of $36.03 for a total value of $4,503,750.00. Following the sale, the Chief Executive Officer now owns 3,303,186 shares of the Company, valued at $119,013,791.58. The sale was disclosed in a filing with the SEC, which can be accessed heredie SEC-Website. In related news, CFO Sudhanshu Shekhar Priyadarshi acquired 10,000 shares of the company in a transaction on Wednesday, January 18th. The shares were purchased at an average price of $35.00 per share for a total value of $350,000.00. Following the closing of the transaction, the Chief Financial Officer now owns 10,000 shares of the company, valued at $350,000. The acquisition was disclosed in a legal filing with the SEC available atthis hyperlink. Also managing directorRobert James Gamgortsold 125,000 shares of the company's shares in a transaction on Friday, January 6th. The stock sold at an average price of $36.03 for a total value of $4,503,750.00. Following the sale, the Chief Executive Officer now directly owns 3,303,186 shares of the Company, valued at approximately $119,013,791.58. Disclosure for this sale can be foundhere. 1.00% of the shares are owned by company insiders.
keurig dr Pepper shares are up 0.2%
shares ofNASDAQ KDPopened at $35.34 on Thursday. The company has a market cap of $50.05 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.92, and a beta of 0.57. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt to equity ratio of 0.46. Keurig Dr Pepper Inc. has a 52-week low of $33.35 and a 52-week high of $41.31. The company's 50-day moving average is $36.37 and its 200-day moving average is $37.23.
keurig dr Pepper announces dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6 received a dividend of $0.20. That equates to an annual dividend of $0.80 and a yield of 2.26%. The ex-dividend date of this dividend was Thursday January 5th. The RTP of Keurig Dr Pepper is 62.50%.
Analysts set new price targets
Several equities analysts have recently issued reports on KDP stock. JPMorgan Chase & Co. raised its target price on shares of Keurig Dr. Pepper from $40.00 to $41.00 and rated the stock as “overweight” in a research report on Thursday, January.StockNews.comlowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating in a research report on Monday, October 31. Wells Fargo & Company lowered its target price on shares of Keurig Dr. Pepper from $42.00 to $40.00 and rated the company as “overweight” in a research report on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft has lowered its price target for shares of Keurig Dr. Pepper was upgraded to $39.00 from $38.00 and gave the stock a “hold” rating in a research report on Tuesday, December 6th. Finally, Truist Financial cut shares of Keurig Dr Pepper from a "hold" rating to a "sell" rating and lowered its price target on the stock from $40.00 to $30.00 in a research report on Monday, May 24th October 31st. One investment analyst has rated the stock with a sell rating, four with a hold rating and four with a buy rating. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.50.
Neat Dr Pepper Profile
Keurig Dr Pepper, Inc is engaged in the manufacture and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates and Latin Beverages. The Coffee Systems segment includes the manufacture and sale of finished products related to coffee, pods and brewing equipment.
- Get a free copy of the StockNews.com research report on Keurig Dr. Pepper (KDP)
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Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.comto view the latest 13F filings and insider trading for Keurig Dr. to obtain Pepper Inc. (NASDAQ:KDP-received rating).
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