Keurig Dr Pepper, Inc $KDP Shares Bought by PDS Planning Inc

PDS Planning Inc raised its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,123 shares of the company’s stock after acquiring an additional 549 shares during the period. PDS Planning Inc’s holdings in Keurig Dr Pepper were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KDP. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $25,000. Chung Wu Investment Group LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at approximately $26,000. WPG Advisers LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $43,000. Continuum Advisory LLC boosted its stake in Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after acquiring an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $48,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares of the company’s stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 435,601 shares of company stock valued at $14,421,512 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KDP has been the subject of several research reports. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 8th. HSBC reiterated a “hold” rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Bank of America lowered their price objective on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, Piper Sandler lowered their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.00.

Keurig Dr Pepper Trading Down 0.1%

Shares of Keurig Dr Pepper stock opened at $25.82 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The firm has a fifty day moving average price of $29.39 and a 200 day moving average price of $32.22. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $37.27. The stock has a market cap of $35.07 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. Keurig Dr Pepper’s payout ratio is presently 82.14%.

About Keurig Dr Pepper

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.