23,954 Shares in Keurig Dr Pepper, Inc $KDP Bought by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, HoldingsChannel.com reports. The firm bought 23,954 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds also recently bought and sold shares of KDP. Salomon & Ludwin LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $26,000. Meeder Asset Management Inc. grew its position in Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 759 shares in the last quarter. Activest Wealth Management increased its stake in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares during the period. Washington Trust Advisors Inc. acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $31,000. Finally, GW&K Investment Management LLC grew its holdings in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a research note on Wednesday, July 8th. Citigroup increased their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, UBS Group upped their price target on Keurig Dr Pepper from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and an average target price of $33.40.

Keurig Dr Pepper Trading Up 0.4%

KDP stock opened at $31.57 on Friday. The business has a fifty day moving average price of $31.06 and a 200 day moving average price of $29.02. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The stock has a market capitalization of $42.95 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.44 and a beta of 0.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s payout ratio is currently 68.15%.

About Keurig Dr Pepper

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.