Bryce Point Capital LLC Invests $641,000 in Keurig Dr Pepper, Inc $KDP

Bryce Point Capital LLC bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,140 shares of the company’s stock, valued at approximately $641,000. Keurig Dr Pepper comprises 0.8% of Bryce Point Capital LLC’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Asset Dedication LLC raised its holdings in Keurig Dr Pepper by 3.8% in the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after buying an additional 288 shares during the last quarter. Auxier Asset Management increased its position in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares during the period. Private Trust Co. NA raised its stake in shares of Keurig Dr Pepper by 26.4% during the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares during the last quarter. NewSquare Capital LLC raised its stake 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 valued at $26,000 after acquiring an additional 386 shares during the last quarter. Finally, Zions Bancorporation National Association UT lifted its holdings in shares of Keurig Dr Pepper by 1.7% during the second quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after purchasing an additional 400 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $28.51 on Tuesday. The firm has a market capitalization of $38.73 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.34. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The business’s 50-day moving average price is $28.04 and its 200-day moving average price is $28.54. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Analysts Set New Price Targets

KDP has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Piper Sandler raised their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $34.87.

Insider Buying and Selling

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

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.