Keurig Dr Pepper, Inc $KDP Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Keurig Dr Pepper by 64.0%, acquiring 24,103 shares during the second quarter, bringing their total to 61,792 shares valued at approximately $2.08 million.
• Analysts have adjusted their ratings on Keurig Dr Pepper, with HSBC lowering its price target to $30.00, while UBS and Citigroup have also decreased their targets, indicating mixed sentiment among analysts.
• Keurig Dr Pepper recently declared a quarterly dividend of $0.23 per share, yielding around 3.6%, to be paid out on October 10th, as the company continues to show growth with a revenue increase of 6.1% year-over-year.

Wealth Enhancement Advisory Services LLC increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 64.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,792 shares of the company's stock after acquiring an additional 24,103 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Keurig Dr Pepper were worth $2,088,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in Keurig Dr Pepper during the first quarter worth about $25,000. ST Germain D J Co. Inc. acquired a new position in Keurig Dr Pepper during the first quarter worth about $27,000. WPG Advisers LLC acquired a new position in Keurig Dr Pepper during the first quarter worth about $43,000. Continuum Advisory LLC grew its holdings in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after acquiring an additional 602 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper during the first quarter worth about $48,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KDP shares. HSBC reiterated a "hold" rating and issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. BNP Paribas Exane lowered Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research report on Monday, September 22nd. UBS Group decreased their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Wells Fargo & Company decreased their price target on Keurig Dr Pepper from $40.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Citigroup decreased their price target on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $36.23.

Keurig Dr Pepper Trading Down 1.0%

Shares of NASDAQ KDP opened at $25.50 on Monday. Keurig Dr Pepper, Inc has a one year low of $25.40 and a one year high of $37.82. The firm has a market capitalization of $34.64 billion, a PE ratio of 22.77, a PEG ratio of 1.40 and a beta of 0.47. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $30.94 and a two-hundred day moving average price of $32.79.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company posted $0.45 EPS. The business's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper's payout ratio is currently 82.14%.

Insider Activity

In other news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 447,601 shares of company stock valued at $14,825,192. 1.00% of the stock is owned by corporate insiders.

About Keurig Dr Pepper

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.

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