Parr Mcknight Wealth Management Group LLC Buys Shares of 47,432 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,432 shares of the company's stock, valued at approximately $1,524,000.

A number of other large investors have also added to or reduced their stakes in KDP. New Age Alpha Advisors LLC increased its stake in shares of Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $42,000. LRI Investments LLC grew its stake in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after acquiring an additional 605 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 1.1%

NASDAQ:KDP traded up $0.35 during midday trading on Thursday, reaching $33.08. 3,262,634 shares of the stock traded hands, compared to its average volume of 10,581,538. The company has a fifty day moving average of $34.19 and a 200 day moving average of $33.03. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market capitalization of $44.93 billion, a P/E ratio of 20.04, a PEG ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is currently 83.64%.

Analysts Set New Price Targets

A number of research firms have commented on KDP. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group boosted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This represents a 11.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president now directly owns 62,411 shares in the company, valued at $2,136,952.64. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 913,850 shares of company stock valued at $31,235,950. 0.40% of the stock is currently owned by company insiders.

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.