Essential Partners LLC Sells 27,331 Shares of Keurig Dr Pepper, Inc $KDP

Essential Partners LLC trimmed its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 84.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,049 shares of the company’s stock after selling 27,331 shares during the quarter. Essential Partners LLC’s holdings in Keurig Dr Pepper were worth $133,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter worth $26,000. Meeder Asset Management Inc. increased its holdings in shares of Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 759 shares during the period. Activest Wealth Management increased its holdings in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares during the period. Washington Trust Advisors Inc. bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth $31,000. Finally, Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KDP shares. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Citigroup increased their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.40.

Keurig Dr Pepper Stock Down 1.4%

Keurig Dr Pepper stock opened at $31.12 on Friday. 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 stock has a market capitalization of $42.34 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.42 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The business has a fifty day moving average price of $31.10 and a 200-day moving average price of $29.03.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a $0.23 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Keurig Dr Pepper Company 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.