Tompkins Financial Corp Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)


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Tompkins Financial Corp purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,104 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds also recently bought and sold shares of the company. Unison Advisors LLC lifted its position in shares of Keurig Dr Pepper by 0.5% during the 4th quarter. Unison Advisors LLC now owns 69,459 shares of the company’s stock valued at $2,222,000 after acquiring an additional 367 shares during the period. Perigon Wealth Management LLC raised its position in shares of Keurig Dr Pepper by 3.0% during the 4th quarter. Perigon Wealth Management LLC now owns 15,678 shares of the company’s stock worth $502,000 after purchasing an additional 459 shares during the last quarter. Financial Advocates Investment Management raised its position in shares of Keurig Dr Pepper by 4.3% during the 3rd quarter. Financial Advocates Investment Management now owns 13,080 shares of the company’s stock worth $361,000 after purchasing an additional 543 shares during the last quarter. ICW Investment Advisors LLC raised its position in shares of Keurig Dr Pepper by 2.7% during the 3rd quarter. ICW Investment Advisors LLC now owns 23,606 shares of the company’s stock worth $652,000 after purchasing an additional 625 shares during the last quarter. Finally, CWM LLC raised its position in shares of Keurig Dr Pepper by 350.5% during the 3rd quarter. CWM LLC now owns 901 shares of the company’s stock worth $25,000 after purchasing an additional 701 shares during the last quarter. Institutional investors own 37.85% of the company’s stock.

In related news, Director Robert S. Singer acquired 2,500 shares of the stock in a transaction dated Tuesday, December 8th. The stock was bought at an average cost of $30.30 per share, with a total value of $75,750.00. Following the purchase, the director now directly owns 74,000 shares of the company’s stock, valued at $2,242,200. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert S. Singer acquired 7,500 shares of the stock in a transaction dated Wednesday, November 25th. The shares were bought at an average cost of $30.21 per share, with a total value of $226,575.00. Following the completion of the purchase, the director now directly owns 68,000 shares in the company, valued at $2,054,280. The disclosure for this purchase can be found here. Insiders acquired a total of 10,384 shares of company stock valued at $314,429 over the last ninety days. 0.41% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on KDP shares. Sanford C. Bernstein started coverage on Keurig Dr Pepper in a research report on Tuesday, January 19th. They set an “outperform” rating and a $40.00 price objective for the company. Wells Fargo & Company started coverage on Keurig Dr Pepper in a research report on Tuesday, December 8th. They set an “equal weight” rating and a $33.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.50.

KDP stock opened at $31.68 on Tuesday. The stock has a market capitalization of $44.58 billion, a P/E ratio of 34.44, a PEG ratio of 3.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.33. Keurig Dr Pepper Inc. has a one year low of $18.98 and a one year high of $33.69. The company has a 50 day moving average price of $31.85 and a two-hundred day moving average price of $30.41.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment provides single-serve brewing systems and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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