Valley Wealth Managers Inc. Buys Shares of 680,797 Keurig Dr Pepper, Inc $KDP

Valley Wealth Managers Inc. bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 1st quarter, HoldingsChannel reports. The firm bought 680,797 shares of the company’s stock, valued at approximately $17,925,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Auxier Asset Management raised its holdings in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares during the period. Rossby Financial LCC increased its position in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC increased its position in Keurig Dr Pepper by 18.3% during the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after purchasing an additional 373 shares during the last quarter. Park Avenue Securities LLC raised its stake in Keurig Dr Pepper by 3.0% during the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after purchasing an additional 405 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after purchasing an additional 420 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $30.91 on Friday. The firm has a 50-day simple moving average of $30.79 and a two-hundred day simple moving average of $28.83. The stock has a market cap of $42.05 billion, a PE ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.07.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.