Raleigh Capital Management Inc. Has $384,000 Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Raleigh Capital Management Inc. boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4,779.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,222 shares of the company's stock after buying an additional 10,992 shares during the period. Raleigh Capital Management Inc.'s holdings in Keurig Dr Pepper were worth $384,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KDP. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $27,000. New Age Alpha Advisors LLC raised its stake in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $42,000. Continuum Advisory LLC raised its stake in shares of Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after purchasing an additional 602 shares during the period. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP stock traded up $0.27 during mid-day trading on Tuesday, reaching $34.05. The company had a trading volume of 2,655,682 shares, compared to its average volume of 10,897,483. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $46.25 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.60 and a beta of 0.47. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The stock's 50-day simple moving average is $33.38 and its two-hundred day simple moving average is $33.12.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Research analysts anticipate 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. Investors of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Analyst Ratings Changes

KDP has been the topic of a number of analyst reports. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Barclays decreased their price target 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. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.92.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director De Ven Michael G. Van purchased 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $498,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the company's 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 completion of the sale, the vice president directly owned 62,411 shares of the company's stock, valued at $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 698,500 shares of company stock valued at $23,580,720 in the last ninety days. 1.00% of the stock is owned by 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.