U.S. Capital Wealth Advisors LLC Has $1.60 Million Position in Keurig Dr Pepper, Inc $KDP

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Keurig Dr Pepper, Inc by 74.6%, now holding 48,269 shares valued at approximately $1.60 million.
• A majority of institutional investors own 93.99% of KDP shares, signifying strong institutional interest in the company.
• Keurig Dr Pepper also announced a quarterly dividend of $0.23 per share, with a projected annualized yield of 3.5% for stockholders of record on September 26th.

U.S. Capital Wealth Advisors LLC grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 74.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,269 shares of the company's stock after purchasing an additional 20,619 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Keurig Dr Pepper were worth $1,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. Amundi increased its position in shares of Keurig Dr Pepper by 7.7% in the 1st quarter. Amundi now owns 4,404,145 shares of the company's stock valued at $156,920,000 after buying an additional 315,290 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Keurig Dr Pepper by 61.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company's stock valued at $2,075,000 after acquiring an additional 23,167 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in shares of Keurig Dr Pepper by 51.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock worth $1,154,000 after acquiring an additional 11,435 shares in the last quarter. Praxis Investment Management Inc. raised its position in shares of Keurig Dr Pepper by 112.2% during the first quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock worth $672,000 after purchasing an additional 10,380 shares during the period. Finally, Vident Advisory LLC raised its position in shares of Keurig Dr Pepper by 85.1% during the first quarter. Vident Advisory LLC now owns 26,641 shares of the company's stock worth $912,000 after purchasing an additional 12,250 shares during the period. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KDP shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. BNP Paribas Exane cut shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a report on Monday. Citigroup lowered their price objective 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. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Finally, Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Eleven investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.77.

Insider Transactions at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 447,601 shares of company stock valued at $14,825,192. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $26.50 on Wednesday. Keurig Dr Pepper, Inc has a twelve month low of $25.92 and a twelve month high of $38.28. The company has a market cap of $36.00 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.42 and a beta of 0.47. The business's 50 day moving average price is $31.41 and its two-hundred day moving average price is $32.94. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the company posted $0.45 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current 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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

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.

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