U.S. Capital Wealth Advisors LLC Buys Shares of 27,650 Keurig Dr Pepper, Inc (NASDAQ:KDP)

U.S. Capital Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,650 shares of the company's stock, valued at approximately $946,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares during the period. Wellington Management Group LLP raised its holdings in shares of Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after purchasing an additional 5,646,179 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares during the period. Geode Capital Management LLC raised its holdings in shares of Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock worth $784,974,000 after purchasing an additional 1,962,195 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Keurig Dr Pepper by 19.6% in the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock worth $693,972,000 after purchasing an additional 3,539,463 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KDP. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Argus began coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. Barclays cut their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, June 27th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Finally, Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.92.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $33.64, for a total value of $403,680.00. Following the completion of the transaction, the insider owned 94,511 shares in the company, valued at approximately $3,179,350.04. This trade represents a 11.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president owned 62,411 shares in the company, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 698,500 shares of company stock worth $23,580,720 in the last quarter. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Down 0.5%

NASDAQ KDP traded down $0.16 during mid-day trading on Friday, reaching $33.49. 7,866,704 shares of the company's stock traded hands, compared to its average volume of 10,991,078. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a fifty day simple moving average of $33.33 and a 200-day simple moving average of $33.15. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The company has a market cap of $45.49 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.58 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data 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. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm earned $0.38 EPS. Keurig Dr Pepper's quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. Keurig Dr Pepper's payout ratio is 83.64%.

Keurig Dr Pepper 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.