Wealth Enhancement Advisory Services LLC Has $1.29 Million Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 47.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,689 shares of the company's stock after buying an additional 12,157 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Keurig Dr Pepper were worth $1,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. LaFleur & Godfrey LLC acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $806,000. IFP Advisors Inc grew its stake in Keurig Dr Pepper by 17.6% in the 4th quarter. IFP Advisors Inc now owns 2,887 shares of the company's stock valued at $96,000 after acquiring an additional 433 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Keurig Dr Pepper during the fourth quarter worth $400,000. Proficio Capital Partners LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $3,820,000. Finally, Mutual of America Capital Management LLC increased its position in shares of Keurig Dr Pepper by 3.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 134,946 shares of the company's stock worth $4,334,000 after acquiring an additional 4,568 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $0.41 during mid-day trading on Thursday, reaching $33.44. The company had a trading volume of 5,022,713 shares, compared to its average volume of 10,883,720. The company has a 50-day moving average price of $33.42 and a two-hundred day moving average price of $33.09. The stock has a market cap of $45.41 billion, a PE ratio of 30.40, a P/E/G ratio of 2.59 and a beta of 0.47. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data 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 9.69% and a return on equity of 10.86%. 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 firm earned $0.38 earnings per share. The business's quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.75%. Keurig Dr Pepper's payout ratio is currently 83.64%.

Insiders Place Their Bets

In other news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the sale, the director directly owned 2,638,490 shares in the company, valued at approximately $87,334,019. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the transaction, the vice president directly owned 62,411 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 698,500 shares of company stock worth $23,580,720. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KDP has been the subject of a number of recent research reports. UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $39.92.

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.