NewEdge Advisors LLC Acquires 31,287 Shares of Keurig Dr Pepper, Inc $KDP

NewEdge Advisors LLC increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 107.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,388 shares of the company’s stock after purchasing an additional 31,287 shares during the quarter. NewEdge Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,590,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its position in Keurig Dr Pepper by 180.9% during the 1st quarter. Glenmede Trust Co. NA now owns 53,455 shares of the company’s stock worth $1,407,000 after buying an additional 34,427 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $661,000. CTC Alternative Strategies Ltd. bought a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $266,000. Groupe la Francaise grew its holdings in shares of Keurig Dr Pepper by 13.3% in the 1st quarter. Groupe la Francaise now owns 139,818 shares of the company’s stock valued at $3,681,000 after acquiring an additional 16,399 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $314,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.0%

Shares of NASDAQ:KDP opened at $31.44 on Friday. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The company has a market capitalization of $42.78 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.40 and a beta of 0.40. The company has a 50-day simple moving average of $31.17 and a 200 day simple moving average of $29.22.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business’s revenue was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. Keurig Dr Pepper’s payout ratio is presently 92.93%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KDP shares. Barclays upped their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Citigroup upped their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $34.75.

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.