Burling Wealth Partners LLC Buys 25,914 Shares of Keurig Dr Pepper, Inc $KDP

Burling Wealth Partners LLC lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 38.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,607 shares of the company’s stock after purchasing an additional 25,914 shares during the quarter. Burling Wealth Partners LLC’s holdings in Keurig Dr Pepper were worth $3,095,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Keurig Dr Pepper by 1.6% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,890 shares of the company’s stock worth $955,000 after buying an additional 444 shares during the period. Arvest Bank Trust Division grew its stake in Keurig Dr Pepper by 1.7% in the second quarter. Arvest Bank Trust Division now owns 48,472 shares of the company’s stock valued at $1,602,000 after acquiring an additional 822 shares during the period. ABN Amro Investment Solutions bought a new stake in shares of Keurig Dr Pepper during the second quarter valued at approximately $2,506,000. Candriam S.C.A. raised its position in shares of Keurig Dr Pepper by 91.7% during the second quarter. Candriam S.C.A. now owns 250,278 shares of the company’s stock worth $8,275,000 after purchasing an additional 119,723 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Keurig Dr Pepper by 13.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 196,271 shares of the company’s stock worth $6,489,000 after purchasing an additional 22,850 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Bank of America decreased their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Piper Sandler lowered their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. UBS Group reiterated a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.27.

Keurig Dr Pepper Trading Up 0.4%

Shares of KDP stock opened at $27.00 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The company has a market capitalization of $36.68 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The company has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $30.97.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by company insiders.

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.