Arcus Capital Partners LLC Invests $675,000 in Keurig Dr Pepper, Inc $KDP

Arcus Capital Partners LLC acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 25,654 shares of the company’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its stake in Keurig Dr Pepper by 26.7% in the 1st quarter. Assetmark Inc. now owns 100,797 shares of the company’s stock worth $2,654,000 after buying an additional 21,210 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Keurig Dr Pepper during the first quarter valued at about $3,428,000. Marks Group Wealth Management Inc lifted its stake in Keurig Dr Pepper by 187.4% during the first quarter. Marks Group Wealth Management Inc now owns 69,699 shares of the company’s stock worth $1,835,000 after purchasing an additional 45,447 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 17.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 163,154 shares of the company’s stock worth $4,296,000 after purchasing an additional 24,731 shares in the last quarter. Finally, WJ Financial Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. WJ Financial Advisors LLC now owns 27,383 shares of the company’s stock worth $721,000 after purchasing an additional 433 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group increased their target price on Keurig Dr Pepper from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.07.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $30.91 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The firm’s fifty day moving average is $30.79 and its two-hundred day moving average is $28.83. The company has a market cap of $42.05 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.43 and a beta of 0.40.

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

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given 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 yield of 3.0%. Keurig Dr Pepper’s payout ratio is 68.15%.

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.