130,192 Shares in Keurig Dr Pepper, Inc $KDP Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 130,192 shares of the company’s stock, valued at approximately $3,428,000.

Other large investors have also modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Keurig Dr Pepper by 102,300.0% in the second 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 buying an additional 1,023 shares during the period. Rossby Financial LCC lifted its stake in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Keurig Dr Pepper by 5,642.1% during 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 during the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $30.91 on Monday. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The firm has a market capitalization of $42.05 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.41 and a beta of 0.40. The stock has a 50 day moving average price of $30.79 and a 200 day moving average price of $28.84. 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 (NASDAQ:KDP) last released 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. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders 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 dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a research report on Wednesday, July 8th. UBS Group lifted their target price on Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Finally, Citigroup raised their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.07.

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.