Keurig Dr Pepper, Inc $KDP Holdings Raised by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,945 shares of the company’s stock after acquiring an additional 1,655 shares during the period. LaFleur & Godfrey LLC’s holdings in Keurig Dr Pepper were worth $1,254,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KDP. Rise Advisors LLC purchased a new position in Keurig Dr Pepper during the 1st quarter worth approximately $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of Keurig Dr Pepper in the first quarter worth $27,000. WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter worth $43,000. Continuum Advisory LLC grew its holdings in shares of Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after buying an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper during the first quarter valued at $48,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares of the company’s stock, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction that occurred on 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 in the company, 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. Over the last three months, insiders have sold 447,601 shares of company stock worth $14,825,192. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

KDP opened at $27.11 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $31.68 and its two-hundred day moving average price is $33.03. The firm has a market capitalization of $36.83 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 1.49 and a beta of 0.47. Keurig Dr Pepper, Inc has a 12-month low of $26.58 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio is currently 82.14%.

Analyst Upgrades and Downgrades

KDP has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Monday, August 25th. Barclays upped their price objective on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Piper Sandler decreased their target price 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. Finally, Citigroup lowered 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. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.77.

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.