Geneos Wealth Management Inc. Increases Stock Position in Keurig Dr Pepper, Inc $KDP

Geneos Wealth Management Inc. grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,154 shares of the company’s stock after buying an additional 24,731 shares during the period. Geneos Wealth Management Inc.’s holdings in Keurig Dr Pepper were worth $4,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in KDP. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the fourth quarter worth $26,000. Activest Wealth Management raised its position in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at about $31,000. Rossby Financial LCC lifted its stake in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of Keurig Dr Pepper by 67.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Finally, BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.07.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.38 on Friday. The company has a 50-day simple moving average of $30.75 and a two-hundred day simple moving average of $28.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market capitalization of $42.69 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.38 and a beta of 0.40. 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 earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

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.