Kestra Private Wealth Services LLC Buys 44,968 Shares of Keurig Dr Pepper, Inc $KDP

Kestra Private Wealth Services LLC increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 243.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 63,459 shares of the company’s stock after buying an additional 44,968 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Keurig Dr Pepper were worth $1,671,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC lifted its holdings in Keurig Dr Pepper by 41.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 16,378 shares of the company’s stock worth $431,000 after purchasing an additional 4,773 shares in the last quarter. OP Asset Management Ltd purchased a new position in Keurig Dr Pepper during the 1st quarter valued at about $3,471,000. Assenagon Asset Management S.A. grew its holdings in Keurig Dr Pepper by 457.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 261,101 shares of the company’s stock valued at $6,875,000 after buying an additional 214,303 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 33.4% during the first quarter. Cidel Asset Management Inc. now owns 10,272 shares of the company’s stock valued at $270,000 after buying an additional 2,570 shares during the period. Finally, PKO Investment Management Joint Stock Co purchased a new stake in shares of Keurig Dr Pepper in the first quarter worth about $790,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $33.50 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $45.58 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.53 and a beta of 0.41. The business’s 50-day moving average price is $29.80 and its 200-day moving average price is $28.53. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Analysts Set New Price Targets

KDP has been the subject of a number of analyst reports. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $36.00 in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Sanford C. Bernstein began coverage on Keurig Dr Pepper in a research report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and a consensus price target of $32.40.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.