WJ Financial Advisors LLC Invests $759,000 in Keurig Dr Pepper, Inc $KDP

WJ Financial Advisors LLC bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 29,750 shares of the company’s stock, valued at approximately $759,000.

Other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC increased its holdings in shares of Keurig Dr Pepper by 3.8% in the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after buying an additional 288 shares during the period. Auxier Asset Management increased its stake in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the period. Private Trust Co. NA lifted its position in Keurig Dr Pepper by 26.4% in the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after purchasing an additional 339 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the period. Finally, Zions Bancorporation National Association UT grew its holdings in shares of Keurig Dr Pepper by 1.7% in the second quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after purchasing an additional 400 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $29.69 on Friday. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 2.05 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The company’s 50-day moving average is $28.13 and its 200 day moving average is $28.51.

Keurig Dr Pepper Dividend Announcement

The firm 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 $0.23 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent analyst reports. 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 lowered their price objective for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Barclays boosted their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Finally, UBS Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.87.

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.