23,954 Shares in Keurig Dr Pepper, Inc $KDP Bought by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,954 shares of the company’s stock, valued at approximately $631,000.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Keurig Dr Pepper by 290.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after buying an additional 39,156 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Keurig Dr Pepper by 194.6% in the 4th quarter. Merit Financial Group LLC now owns 87,054 shares of the company’s stock worth $2,438,000 after acquiring an additional 57,500 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Keurig Dr Pepper by 47.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock worth $5,030,000 after purchasing an additional 57,797 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock valued at $43,489,000 after purchasing an additional 47,184 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Keurig Dr Pepper by 4,366.8% during the fourth quarter. M&T Bank Corp now owns 1,370,428 shares of the company’s stock valued at $38,386,000 after purchasing an additional 1,339,748 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of analyst reports. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a report on Friday, April 24th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.40.

Keurig Dr Pepper Trading Up 0.4%

NASDAQ:KDP opened at $31.57 on Friday. The company has a market capitalization of $42.95 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.44 and a beta of 0.40. The stock’s 50 day moving average price is $31.06 and its 200 day moving average price is $29.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.23 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio is currently 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.