WJ Financial Advisors LLC Takes Position in Keurig Dr Pepper, Inc $KDP

WJ Financial Advisors LLC purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, Holdings Channel.com reports. The firm purchased 29,750 shares of the company’s stock, valued at approximately $759,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its holdings in 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. Auxier Asset Management boosted its stake in shares of Keurig Dr Pepper by 0.4% in 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 boosted its stake in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after buying an additional 339 shares during the last quarter. NewSquare Capital LLC grew its holdings 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 acquiring an additional 386 shares during the period. Finally, Zions Bancorporation National Association UT increased its position in 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 valued at $792,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

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 that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $29.69 on Friday. The business’s 50-day simple moving average is $28.13 and its two-hundred day simple moving average is $28.51. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The stock has a market cap of $40.34 billion, a PE ratio of 25.60, a P/E/G ratio of 2.05 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 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 paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Piper Sandler raised their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Barclays increased their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. UBS Group reissued a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.