PUREfi Wealth LLC Acquires Shares of 7,286 Keurig Dr Pepper, Inc $KDP

PUREfi Wealth LLC acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,286 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after buying an additional 25,425,644 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock valued at $1,330,565,000 after acquiring an additional 20,196,835 shares in the last quarter. Invesco Ltd. boosted its position in Keurig Dr Pepper by 1.7% in the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company’s stock valued at $751,920,000 after buying an additional 367,518 shares during the last quarter. Northern Trust Corp boosted its position in Keurig Dr Pepper by 0.8% in the 1st quarter. Northern Trust Corp now owns 13,712,677 shares of the company’s stock worth $469,248,000 after purchasing an additional 114,044 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Keurig Dr Pepper by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company’s stock valued at $351,927,000 after buying an additional 358,350 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research note on Monday, August 25th. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Saturday, September 27th. UBS Group dropped their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Finally, TD Cowen lowered their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.14.

Keurig Dr Pepper Price Performance

KDP opened at $25.84 on Monday. Keurig Dr Pepper, Inc has a 1 year low of $25.27 and a 1 year high of $37.27. The stock has a fifty day moving average price of $30.16 and a 200 day moving average price of $32.51. The stock has a market cap of $35.10 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.42 and a beta of 0.43. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share 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 business 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 firm earned $0.45 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.6%. Keurig Dr Pepper’s dividend payout ratio is currently 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s 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 sale, the insider owned 82,511 shares of the company’s stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 435,601 shares of company stock worth $14,421,512. Company insiders own 1.00% of the company’s stock.

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.