Keurig Dr Pepper, Inc $KDP Holdings Lifted by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 187.4% during the first quarter, Holdings Channel.com reports. The fund owned 69,699 shares of the company’s stock after acquiring an additional 45,447 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Keurig Dr Pepper were worth $1,835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its holdings in Keurig Dr Pepper by 17.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 163,154 shares of the company’s stock valued at $4,296,000 after acquiring an additional 24,731 shares during the last quarter. WJ Financial Advisors LLC boosted its position in shares of Keurig Dr Pepper by 1.6% during the 1st quarter. WJ Financial Advisors LLC now owns 27,383 shares of the company’s stock valued at $721,000 after purchasing an additional 433 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Keurig Dr Pepper by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,561,961 shares of the company’s stock worth $41,126,000 after purchasing an additional 9,325 shares during the last quarter. Parr Mcknight Wealth Management Group LLC grew its stake in shares of Keurig Dr Pepper by 164.4% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 74,080 shares of the company’s stock worth $1,951,000 after purchasing an additional 46,058 shares during the last quarter. Finally, ARQ Wealth Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 347.8% in the 1st quarter. ARQ Wealth Advisors LLC now owns 54,275 shares of the company’s stock worth $1,429,000 after purchasing an additional 42,155 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a research report on Wednesday, July 8th. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a report on Wednesday, July 1st. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.07.

Keurig Dr Pepper Price Performance

KDP stock opened at $31.38 on Friday. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The firm has a 50-day moving average of $30.75 and a two-hundred day moving average of $28.82. The firm has a market capitalization of $42.69 billion, a PE ratio of 23.24, a P/E/G ratio of 1.38 and a beta of 0.40. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Keurig Dr Pepper, Inc will post 2.29 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, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.