Spirepoint Private Client LLC Invests $202,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Spirepoint Private Client LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,597 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors have also bought and sold shares of KDP. Turtle Creek Wealth Advisors LLC bought a new position in Keurig Dr Pepper during the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $34,000. Mather Group LLC. acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at approximately $45,000. Ulland Investment Advisors LLC bought a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Keurig Dr Pepper by 79.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after acquiring an additional 715 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the sale, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,520 shares of company stock valued at $2,750,739. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded down $0.16 on Friday, hitting $32.98. The company had a trading volume of 4,626,739 shares, compared to its average volume of 8,214,443. The stock has a market cap of $44.71 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.55 and a beta of 0.62. The stock has a 50 day moving average price of $33.71 and a 200 day moving average price of $32.07. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.00. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.61%. The ex-dividend date was Friday, June 28th. Keurig Dr Pepper’s payout ratio is 55.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KDP. Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Barclays lowered their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, BNP Paribas initiated coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $36.50.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.