Stoneridge Investment Partners LLC Buys New Shares in Keurig Dr Pepper, Inc $KDP

Stoneridge Investment Partners LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 66,098 shares of the company’s stock, valued at approximately $1,686,000.

Several other large investors have also added to or reduced their stakes in the company. Asset Dedication LLC raised its stake in shares of Keurig Dr Pepper by 3.8% in the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after purchasing an additional 288 shares during the last quarter. Croban increased its holdings in Keurig Dr Pepper by 0.9% in the 2nd quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares during the period. Auxier Asset Management raised its position in Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after buying an additional 318 shares during the last quarter. Private Trust Co. NA lifted its stake in Keurig Dr Pepper by 26.4% during the 2nd 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 period. Finally, NewSquare Capital LLC lifted its stake in Keurig Dr Pepper by 94.1% during the 2nd 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 period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.76 on Friday. The stock has a market capitalization of $37.71 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.91 and a beta of 0.34. The stock has a 50-day moving average of $27.98 and a 200 day moving average of $29.02. 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, Inc has a twelve month low of $25.03 and a twelve month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president owned 54,200 shares in the company, valued at $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group reissued a “buy” rating and set a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. The Goldman Sachs Group reduced their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. TD Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. Barclays raised their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Finally, Piper Sandler boosted their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.87.

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.