Prestige Wealth Management Group LLC Has $599,000 Position in Keurig Dr Pepper, Inc $KDP

Prestige Wealth Management Group LLC lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9,842.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,995 shares of the company’s stock after purchasing an additional 17,814 shares during the period. Prestige Wealth Management Group LLC’s holdings in Keurig Dr Pepper were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KDP. Rise Advisors LLC bought a new stake in Keurig Dr Pepper during the 1st quarter worth about $25,000. Chung Wu Investment Group LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter worth approximately $26,000. NewSquare Capital LLC lifted its position in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Keurig Dr Pepper during the second quarter valued at approximately $26,000. Finally, WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at approximately $43,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $29.00 on Tuesday. The company has a market capitalization of $39.40 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.85 and a beta of 0.35. The firm’s 50 day simple moving average is $27.10 and its 200 day simple moving average is $30.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. HSBC reaffirmed 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. Barclays upped their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft cut 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 research report on Tuesday, August 26th. Finally, UBS Group reiterated a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.27.

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.