Parr Mcknight Wealth Management Group LLC Has $1.95 Million Holdings in Keurig Dr Pepper, Inc $KDP

Parr Mcknight Wealth Management Group LLC increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 164.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,080 shares of the company’s stock after buying an additional 46,058 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Keurig Dr Pepper were worth $1,951,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KDP. Salomon & Ludwin LLC bought a new position in Keurig Dr Pepper in the fourth quarter valued at $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Keurig Dr Pepper by 102,300.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after buying an additional 1,023 shares during the last quarter. Rossby Financial LCC grew its holdings in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after acquiring an additional 339 shares in the last quarter. Activest Wealth Management increased its position in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 1.3%

Shares of NASDAQ KDP opened at $31.25 on Tuesday. The company has a 50 day simple moving average of $30.63 and a 200 day simple moving average of $28.77. 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 firm has a market cap of $42.52 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. On average, research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 2.9%. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.47.

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.