800 Shares in Keurig Dr Pepper, Inc $KDP Bought by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 800 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also modified their holdings of KDP. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Keurig Dr Pepper by 10.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,532 shares of the company’s stock valued at $820,000 after buying an additional 2,355 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Keurig Dr Pepper by 40.0% during the first quarter. Merit Financial Group LLC now owns 18,563 shares of the company’s stock valued at $635,000 after buying an additional 5,303 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Keurig Dr Pepper during the first quarter valued at $248,000. UMB Bank n.a. grew its holdings in shares of Keurig Dr Pepper by 77.8% during the first quarter. UMB Bank n.a. now owns 8,373 shares of the company’s stock valued at $287,000 after buying an additional 3,664 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Keurig Dr Pepper during the first quarter valued at $251,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 435,601 shares of company stock valued at $14,421,512 in the last ninety days. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $25.30 on Tuesday. Keurig Dr Pepper, Inc has a fifty-two week low of $25.19 and a fifty-two week high of $37.27. The business has a 50-day moving average of $30.01 and a two-hundred day moving average of $32.45. The stock has a market capitalization of $34.37 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.42 and a beta of 0.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.6%. Keurig Dr Pepper’s payout ratio is currently 82.14%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KDP shares. The Goldman Sachs Group lowered their price target on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Barclays downgraded Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $26.00 in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Piper Sandler lowered their target price on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Finally, BNP Paribas Exane downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and a consensus target price of $35.14.

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.