Keurig Dr Pepper, Inc (NASDAQ:KDP) Holdings Raised by AE Wealth Management LLC

Key Points

• AE Wealth Management LLC has significantly increased its stake in Keurig Dr Pepper, Inc by 118.4% during the 1st quarter, now holding 28,690 shares valued at approximately $982,000.
• Keurig Dr Pepper’s recent earnings report showed a 6.1% increase in revenue year-over-year, with reported earnings of $0.49 EPS, matching analyst expectations.
• The company has announced a quarterly dividend of $0.23 per share, representing an annual yield of 2.77% with a dividend payout ratio of 82.14%.

AE Wealth Management LLC increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 118.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,690 shares of the company's stock after purchasing an additional 15,552 shares during the quarter. AE Wealth Management LLC's holdings in Keurig Dr Pepper were worth $982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new position in shares of Keurig Dr Pepper in the first quarter valued at approximately $27,000. New Age Alpha Advisors LLC lifted its position in 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 during the period. Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper during the 4th quarter valued at $42,000. Continuum Advisory LLC boosted its stake in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after purchasing an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $48,000. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Down 0.9%

NASDAQ KDP opened at $33.27 on Monday. The firm's 50 day moving average price is $33.27 and its two-hundred day moving average price is $33.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a twelve month low of $30.12 and a twelve month high of $38.28. The stock has a market cap of $45.19 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.55 and a beta of 0.47.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.77%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the completion of the sale, the director owned 2,846,490 shares in the company, valued at $97,122,238.80. This represents a 6.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock worth $23,557,560 over the last quarter. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KDP. UBS Group cut their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Barclays reduced their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, June 27th. Argus began coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.62.

Keurig Dr Pepper Company 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.

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