LaFleur & Godfrey LLC Increases Stock Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

LaFleur & Godfrey LLC boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 44.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,290 shares of the company's stock after buying an additional 11,200 shares during the quarter. LaFleur & Godfrey LLC's holdings in Keurig Dr Pepper were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new position in Keurig Dr Pepper in the 1st quarter worth approximately $27,000. New Age Alpha Advisors LLC lifted its position 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 worth $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $42,000. Finally, Continuum Advisory LLC grew its position in shares of Keurig Dr Pepper by 82.5% in 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 in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KDP has been the subject of several analyst reports. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. UBS Group upped their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average price target of $40.00.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $33.64, for a total transaction of $403,680.00. Following the transaction, the insider now directly owns 106,511 shares of the company's stock, valued at approximately $3,583,030.04. This trade represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total value of $7,063,680.00. Following the sale, the director now owns 3,054,490 shares of the company's stock, valued at $103,730,480.40. This represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 698,500 shares of company stock valued at $23,594,400. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $0.57 during mid-day trading on Wednesday, reaching $32.98. 9,680,359 shares of the company were exchanged, compared to its average volume of 10,851,690. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The company's 50 day moving average price is $33.67 and its 200 day moving average price is $33.10. The stock has a market capitalization of $44.79 billion, a PE ratio of 29.98, a PEG ratio of 2.58 and a beta of 0.48. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is currently 83.64%.

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.