15,743 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC has acquired 15,743 shares of Keurig Dr Pepper, Inc for approximately $520,000, marking the firm's first investment in the company.
• Multiple institutional investors increased their holdings in Keurig Dr Pepper, including the State of Wyoming, which raised its position by 243.0% during the fourth quarter.
• Keurig Dr Pepper recently declared a quarterly dividend of $0.23 per share, with an annualized yield of 3.4%, reflecting a dividend payout ratio of 82.14%.

Pallas Capital Advisors LLC purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,743 shares of the company's stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC bought a new position in Keurig Dr Pepper in the 1st quarter worth $25,000. ST Germain D J Co. Inc. purchased a new position in shares of Keurig Dr Pepper in the first quarter valued at about $27,000. WPG Advisers LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter valued at about $43,000. Continuum Advisory LLC boosted its stake 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 worth $46,000 after acquiring 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 worth about $48,000. 93.99% of the stock is currently owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 447,601 shares of company stock worth $14,825,192. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.47 on Tuesday, reaching $26.42. The company's stock had a trading volume of 9,583,018 shares, compared to its average volume of 13,575,536. The company has a 50-day simple moving average of $31.53 and a 200 day simple moving average of $32.98. Keurig Dr Pepper, Inc has a 52-week low of $25.92 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a market cap of $35.89 billion, a P/E ratio of 23.60, a PEG ratio of 1.49 and a beta of 0.47.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Keurig Dr Pepper's payout ratio is currently 82.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BNP Paribas cut Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Citigroup dropped their target price on shares of 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. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a report on Monday, August 25th. Finally, HSBC reissued a "hold" rating and set a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.77.

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.