D.A. Davidson & CO. Makes New $3.43 Million Investment in Keurig Dr Pepper, Inc $KDP

Key Points

• D.A. Davidson & Co. opened a new position in Keurig Dr Pepper, buying 130,192 shares worth about $3.43 million in the first quarter.
• Institutional ownership remains very high, with hedge funds and other investors holding 93.99% of the company’s stock. Several firms also increased their stakes during the latest quarter.
• Keurig Dr Pepper reported Q1 EPS of $0.39, topping estimates, and recently paid a $0.23 quarterly dividend, implying a 3.0% yield. Analysts currently have a consensus Hold rating with an average price target of $33.07.

D.A. Davidson & CO. acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 130,192 shares of the company's stock, valued at approximately $3,428,000.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company's stock worth $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC grew its holdings in Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock valued at $2,389,000 after buying an additional 49,741 shares in the last quarter. Woodline Partners LP increased its stake in Keurig Dr Pepper by 49.2% in the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company's stock worth $3,452,000 after acquiring an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Keurig Dr Pepper in the 2nd quarter worth approximately $328,000. Finally, Jump Financial LLC raised its holdings in shares of Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company's stock worth $2,516,000 after acquiring an additional 54,571 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $30.91 on Monday. The company has a market cap of $42.05 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 0.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The business's 50 day moving average price is $30.79 and its 200-day moving average price is $28.84. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.Keurig Dr Pepper's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper's dividend payout ratio is currently 68.15%.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of recent research reports. Barclays raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $30.00 to $36.00 in a report on Thursday, June 25th. JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research note on Thursday, June 25th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an "underperform" rating to a "neutral" rating and set a $28.00 target price on the stock in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of Keurig Dr Pepper from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Hold" and a consensus price target of $33.07.

Keurig Dr Pepper 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.

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