Grey Ledge Advisors LLC Acquires New Holdings in Keurig Dr Pepper, Inc $KDP

Grey Ledge Advisors LLC bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 22,290 shares of the company’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares during the period. Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after buying an additional 339 shares in the last quarter. Activest Wealth Management boosted its stake 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 buying an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $31,000. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on KDP. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Sanford C. Bernstein assumed coverage on shares of Keurig Dr Pepper in a report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 price objective on the stock. Finally, Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $36.00 in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.40.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $32.52 on Friday. The firm’s 50 day simple moving average is $29.51 and its 200-day simple moving average is $28.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The firm has a market cap of $44.25 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.43 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data 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. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Keurig Dr Pepper’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

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.