Bryce Point Capital LLC Takes Position in Keurig Dr Pepper, Inc $KDP

Bryce Point Capital LLC bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,140 shares of the company’s stock, valued at approximately $641,000. Keurig Dr Pepper comprises 0.8% of Bryce Point Capital LLC’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Candriam S.C.A. raised its stake in Keurig Dr Pepper by 50.9% in the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after buying an additional 127,389 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Keurig Dr Pepper by 31.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 9,589 shares of the company’s stock worth $246,000 after acquiring an additional 2,268 shares during the last quarter. Poehling Capital Management INC. raised its stake in Keurig Dr Pepper by 216.7% in the 3rd quarter. Poehling Capital Management INC. now owns 84,262 shares of the company’s stock valued at $2,150,000 after acquiring an additional 57,653 shares during the period. Cullen Capital Management LLC raised its stake in Keurig Dr Pepper by 1.8% in the 3rd quarter. Cullen Capital Management LLC now owns 1,526,172 shares of the company’s stock valued at $38,933,000 after acquiring an additional 27,636 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Keurig Dr Pepper by 32.9% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 85,171 shares of the company’s stock valued at $2,173,000 after purchasing an additional 21,106 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Barclays increased their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. UBS Group restated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.87.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $28.51 on Tuesday. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company’s 50 day moving average price is $28.04 and its two-hundred day moving average price is $28.54. The firm has a market cap of $38.73 billion, a PE ratio of 24.58, a PEG ratio of 1.95 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

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.