TD Private Client Wealth LLC Grows Position in Keurig Dr Pepper, Inc $KDP

TD Private Client Wealth LLC grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 85.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,524 shares of the company’s stock after purchasing an additional 9,437 shares during the quarter. TD Private Client Wealth LLC’s holdings in Keurig Dr Pepper were worth $679,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KDP. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $25,000. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper in the first quarter valued at $27,000. WPG Advisers LLC bought a new stake in Keurig Dr Pepper in the first quarter valued at $43,000. Continuum Advisory LLC boosted its holdings 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 bought a new stake in Keurig Dr Pepper in the first quarter valued at $48,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KDP shares. Piper Sandler cut their price target 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. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a report on Monday, August 25th. BNP Paribas Exane cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Citigroup cut their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Finally, Wells Fargo & Company cut their price target on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $36.23.

Insider Activity

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 447,601 shares of company stock valued at $14,825,192 over the last quarter. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Price Performance

KDP opened at $25.50 on Friday. Keurig Dr Pepper, Inc has a 1 year low of $25.40 and a 1 year high of $37.82. The stock has a 50-day moving average price of $30.94 and a 200-day moving average price of $32.79. The firm has a market cap of $34.64 billion, a PE ratio of 22.77, a P/E/G ratio of 1.41 and a beta of 0.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $0.45 EPS. Keurig Dr Pepper’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 82.14%.

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.