Keurig Dr Pepper, Inc $KDP Shares Acquired by Stance Capital LLC

Stance Capital LLC boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 45,491.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,037 shares of the company’s stock after buying an additional 102,811 shares during the quarter. Keurig Dr Pepper accounts for approximately 1.1% of Stance Capital LLC’s investment portfolio, making the stock its 25th largest position. Stance Capital LLC’s holdings in Keurig Dr Pepper were worth $2,886,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares during the last quarter. Clearstead Trust LLC grew its stake in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $30.76 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $41.85 billion, a PE ratio of 22.79, a PEG ratio of 1.41 and a beta of 0.41. The business has a 50-day moving average price of $29.09 and a two-hundred day moving average price of $28.38. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Citigroup dropped their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Sanford C. Bernstein started coverage on Keurig Dr Pepper in a research note on Thursday, June 11th. They set an “outperform” rating and a $38.00 price objective for the company. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Barclays boosted their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

About Keurig Dr Pepper

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.