PUREfi Wealth LLC Makes New Investment in Keurig Dr Pepper, Inc $KDP

PUREfi Wealth LLC bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,286 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds also recently made changes to their positions in KDP. Rise Advisors LLC bought a new position in Keurig Dr Pepper in the first quarter valued at approximately $25,000. Chung Wu Investment Group LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter valued at about $26,000. WPG Advisers LLC acquired a new position in shares of Keurig Dr Pepper during the first quarter valued at about $43,000. Continuum Advisory LLC increased its position in shares of Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock worth $46,000 after acquiring an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter worth about $48,000. 93.99% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares of the company’s stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 435,601 shares of company stock valued at $14,421,512. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 0.4%

Shares of Keurig Dr Pepper stock opened at $25.84 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a 50-day simple moving average of $30.16 and a two-hundred day simple moving average of $32.51. Keurig Dr Pepper, Inc has a 52-week low of $25.27 and a 52-week high of $37.27. The stock has a market capitalization of $35.10 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.42 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is presently 82.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. HSBC reaffirmed a “hold” rating and issued a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. UBS Group reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Barclays cut shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $39.00 to $26.00 in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.14.

About Keurig Dr Pepper

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.