17,234 Shares in Keurig Dr Pepper, Inc $KDP Bought by Waddell & Associates LLC

Waddell & Associates LLC bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the fourth quarter, HoldingsChannel reports. The fund bought 17,234 shares of the company’s stock, valued at approximately $483,000.

A number of other institutional investors also recently bought and sold shares of KDP. Salomon & Ludwin LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth $26,000. Clearstead Trust LLC raised its holdings in Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares during the period. SBI Securities Co. Ltd. raised its holdings in Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares during the period. Activest Wealth Management raised its holdings 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. Finally, Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper during the fourth quarter valued at about $31,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Up 2.4%

KDP opened at $31.48 on Wednesday. The firm has a market cap of $42.83 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.41 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. 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 stock has a 50-day moving average of $28.20 and a 200 day moving average of $28.17.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KDP shares. UBS Group raised their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, April 24th. Citigroup decreased their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Wednesday, April 22nd. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.57.

Keurig Dr Pepper Company 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.