Burling Wealth Partners LLC Makes New $1.28 Million Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Burling Wealth Partners LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,988 shares of the company's stock, valued at approximately $1,284,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC increased its stake in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after buying an additional 389 shares during the period. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $42,000. Brooklyn Investment Group grew its position in shares of Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after buying an additional 554 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth approximately $70,000. Institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on KDP shares. TD Cowen lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $36.00 to $42.00 in a research note on Friday. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper Stock Performance

KDP traded up $0.17 during trading hours on Tuesday, reaching $34.21. The company's stock had a trading volume of 2,390,485 shares, compared to its average volume of 12,784,343. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The firm has a market cap of $46.41 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company's 50-day moving average is $34.15 and its 200-day moving average is $33.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the sale, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,421,350 shares of company stock valued at $2,757,137,010 in the last quarter. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Profile

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.