Baer Investment Advisory LLC Purchases Shares of 39,365 Keurig Dr Pepper, Inc $KDP

Baer Investment Advisory LLC acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, HoldingsChannel reports. The institutional investor acquired 39,365 shares of the company’s stock, valued at approximately $1,036,000.

Other institutional investors have also added to or reduced their stakes in the company. Auxier Asset Management raised its position in shares of Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after buying an additional 318 shares during the last quarter. Rossby Financial LCC boosted its position in Keurig Dr Pepper by 45.1% during the fourth 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. Wealth Watch Advisors INC grew its stake in Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after acquiring an additional 373 shares during the period. Park Avenue Securities LLC grew its stake in Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after acquiring an additional 405 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in Keurig Dr Pepper by 19.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after acquiring an additional 420 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $33.30 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a market capitalization of $45.31 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.52 and a beta of 0.40. The business has a 50-day moving average of $30.34 and a 200-day moving average of $28.64.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business 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%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.8%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Analyst Ratings Changes

Several research firms have recently issued reports on KDP. Evercore set a $30.00 price objective on Keurig Dr Pepper in a report on Friday, April 24th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Wednesday, April 22nd. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. UBS Group raised their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a report on Wednesday. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and an average price target of $32.40.

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.