Dynasty Wealth Management LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,737 shares of the company’s stock, valued at approximately $636,000.
A number of other hedge funds have also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in Keurig Dr Pepper during the 4th quarter worth $29,000. Mather Group LLC. purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth about $45,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Keurig Dr Pepper by 79.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after buying an additional 715 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $55,000. Finally, Principal Securities Inc. purchased a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $72,000. 85.23% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on KDP shares. Barclays lowered their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. BNP Paribas started coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Truist Financial upgraded 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 note on Monday, June 17th. 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 note on Monday, June 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.50.
Insider Buying and Selling
In related news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now owns 12,565 shares in the company, valued at approximately $429,597.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
Keurig Dr Pepper Price Performance
Shares of NASDAQ:KDP traded up $0.28 on Wednesday, hitting $34.40. The stock had a trading volume of 2,727,507 shares, compared to its average volume of 9,225,614. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The firm’s 50 day moving average price is $33.62 and its 200-day moving average price is $32.14. The company has a market capitalization of $46.65 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.
Keurig Dr Pepper Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.215 per share. The ex-dividend date was Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.50%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.
Keurig Dr Pepper Company 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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