Geneos Wealth Management Inc. Acquires 24,731 Shares of Keurig Dr Pepper, Inc $KDP

Geneos Wealth Management Inc. grew its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 17.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 163,154 shares of the company’s stock after acquiring an additional 24,731 shares during the period. Geneos Wealth Management Inc.’s holdings in Keurig Dr Pepper were worth $4,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KDP. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper during the fourth quarter valued at $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after acquiring an additional 1,023 shares in the last quarter. Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% in the 4th 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. Activest Wealth Management raised its position in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in Keurig Dr Pepper in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on KDP shares. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup increased their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Hold” and a consensus price target of $33.07.

Keurig Dr Pepper Stock Performance

KDP opened at $31.38 on Friday. The company’s 50 day moving average is $30.75 and its 200 day moving average is $28.82. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a market cap of $42.69 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.38 and a beta of 0.40. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Keurig Dr Pepper Company Profile

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.