Waverly Advisors LLC Buys 116,385 Shares of Keurig Dr Pepper, Inc $KDP

Waverly Advisors LLC lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 360.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 148,670 shares of the company’s stock after buying an additional 116,385 shares during the quarter. Waverly Advisors LLC’s holdings in Keurig Dr Pepper were worth $3,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Salomon & Ludwin LLC bought a new position in Keurig Dr Pepper in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares during the period. Activest Wealth Management boosted its holdings in shares of Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares during the period. Washington Trust Advisors Inc. acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $31,000. Finally, Rossby Financial LCC grew its position in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a report on Wednesday, July 8th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research report on Friday, April 24th. Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $36.00 in a report on Thursday, June 25th. Finally, UBS Group boosted their target price on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.40.

Keurig Dr Pepper Stock Up 1.2%

NASDAQ KDP opened at $31.45 on Thursday. 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 $42.79 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.42 and a beta of 0.40. The company has a 50 day moving average of $31.01 and a 200-day moving average of $28.99. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper Dividend Announcement

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

Keurig Dr Pepper 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.