Longfellow Investment Management Co. LLC Makes New $812,000 Investment in Keurig Dr Pepper, Inc $KDP

Longfellow Investment Management Co. LLC bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,821 shares of the company’s stock, valued at approximately $812,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Auxier Asset Management increased its stake in shares of Keurig Dr Pepper by 0.4% during 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 last quarter. Rossby Financial LCC lifted its stake in Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC lifted its stake in Keurig Dr Pepper by 18.3% in the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after purchasing an additional 420 shares during the period. Finally, BOKF NA increased its position in Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 425 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research reports. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup upped their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.75.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $31.44 on Monday. The business has a 50 day moving average of $31.17 and a 200 day moving average of $29.23. The company has a market capitalization of $42.78 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.40 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company’s revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 92.93%.

About Keurig Dr Pepper

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.