Wealth Enhancement Advisory Services LLC Purchases 43,223 Shares of Keurig Dr Pepper, Inc $KDP

Wealth Enhancement Advisory Services LLC boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 69.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,015 shares of the company’s stock after purchasing an additional 43,223 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Keurig Dr Pepper were worth $2,660,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new position in Keurig Dr Pepper in the 2nd quarter worth approximately $26,000. NewSquare Capital LLC raised its stake in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of Keurig Dr Pepper during the second quarter valued at $26,000. Mather Group LLC. purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at $30,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in Keurig Dr Pepper by 347.3% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,230 shares of the company’s stock worth $31,000 after buying an additional 955 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 3.2%

Shares of KDP stock opened at $26.71 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The company has a market cap of $36.29 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.90 and a beta of 0.34. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The firm has a fifty day moving average price of $28.00 and a 200-day moving average price of $28.89.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid 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 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Barclays increased their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Finally, Bank of America reduced their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.87.

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.