Dynasty Wealth Management LLC Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Dynasty Wealth Management LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) 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) 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.