Annis Gardner Whiting Capital Advisors LLC Boosts Stake in Keurig Dr Pepper, Inc $KDP

Annis Gardner Whiting Capital Advisors LLC lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8,933.0% in the 3rd quarter, Holdings Channel reports. The fund owned 27,912 shares of the company’s stock after acquiring an additional 27,603 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $712,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP increased its stake in shares of Keurig Dr Pepper by 49.2% in the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Keurig Dr Pepper during the 2nd quarter valued at about $328,000. Finally, Park Avenue Securities LLC boosted its stake in Keurig Dr Pepper by 27.9% during the second quarter. Park Avenue Securities LLC now owns 9,385 shares of the company’s stock worth $310,000 after acquiring an additional 2,045 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KDP has been the subject of a number of analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, Barclays lifted their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.87.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $26.71 on Thursday. The firm’s 50-day moving average price is $28.00 and its 200-day moving average price is $28.89. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The company has a market cap of $36.29 billion, a PE ratio of 23.03, a PEG ratio of 1.90 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

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.