Focus Partners Advisor Solutions LLC Buys 26,591 Shares of Keurig Dr Pepper, Inc $KDP

Focus Partners Advisor Solutions LLC grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 63.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,682 shares of the company’s stock after acquiring an additional 26,591 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Keurig Dr Pepper were worth $1,924,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after acquiring an additional 1,023 shares in the last quarter. Clearstead Trust LLC grew its stake in Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares in the last quarter. Activest Wealth Management grew its stake in 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 acquiring an additional 1,072 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in Keurig Dr Pepper in the 4th quarter worth about $31,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Up 0.7%

NASDAQ:KDP opened at $31.70 on Thursday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The firm has a fifty day simple moving average of $28.30 and a 200-day simple moving average of $28.20. 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 capitalization of $43.13 billion, a P/E ratio of 23.48, a PEG ratio of 1.44 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $7.23 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on KDP shares. UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Wednesday, April 22nd. Finally, Barclays increased their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus target price of $31.57.

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.