Collaborative Fund Advisors LLC Buys New Shares in Keurig Dr Pepper, Inc $KDP

Collaborative Fund Advisors LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,144 shares of the company’s stock, valued at approximately $1,900,000.

Other large investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at about $26,000. Activest Wealth Management increased its position in 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 buying an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. acquired a new position in Keurig Dr Pepper during the fourth quarter worth approximately $31,000. Rossby Financial LCC raised its stake in 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 buying an additional 339 shares during the period. Finally, GW&K Investment Management LLC raised its stake in Keurig Dr Pepper by 67.6% in the fourth quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after buying an additional 451 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of several research analyst reports. Sanford C. Bernstein started coverage on Keurig Dr Pepper in a research note on Thursday, June 11th. They set an “outperform” rating and a $38.00 target price for the company. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Citigroup reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company set a $37.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday. Eight research 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 has a consensus rating of “Hold” and an average target price of $32.40.

Keurig Dr Pepper Price Performance

KDP stock opened at $33.30 on Monday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The firm has a market cap of $45.31 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.52 and a beta of 0.40. The company’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $28.63.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

About Keurig Dr Pepper

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.