Keurig Dr Pepper, Inc $KDP Shares Sold by Burling Wealth Partners LLC

Burling Wealth Partners LLC decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 87.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,199 shares of the company’s stock after selling 81,408 shares during the quarter. Burling Wealth Partners LLC’s holdings in Keurig Dr Pepper were worth $311,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KDP. NewSquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. AlphaCore Capital LLC purchased a new position in Keurig Dr Pepper in the second quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper in the third quarter valued at about $26,000. Mather Group LLC. purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. UBS Group restated a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Wells Fargo & Company boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Piper Sandler increased their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Finally, Barclays lifted their target price on shares of 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, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $29.10 on Friday. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The firm has a market cap of $39.53 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.99 and a beta of 0.34. The company’s 50-day moving average is $28.13 and its two-hundred day moving average is $28.39. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

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.