U.S. Capital Wealth Advisors LLC Has $1.60 Million Holdings in Keurig Dr Pepper, Inc $KDP

U.S. Capital Wealth Advisors LLC increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 74.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,269 shares of the company’s stock after acquiring an additional 20,619 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,596,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Commerce Bank grew its position in shares of Keurig Dr Pepper by 1.6% during the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock worth $736,000 after purchasing an additional 340 shares in the last quarter. First American Bank grew its position in Keurig Dr Pepper by 0.6% during the first quarter. First American Bank now owns 59,564 shares of the company’s stock worth $2,038,000 after buying an additional 344 shares in the last quarter. Allworth Financial LP grew its position in Keurig Dr Pepper by 3.8% during the first quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock worth $353,000 after buying an additional 371 shares in the last quarter. Citadel Investment Advisory Inc. increased its stake in Keurig Dr Pepper by 6.6% during the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company’s stock worth $221,000 after acquiring an additional 400 shares during the period. Finally, Hartford Funds Management Co LLC raised its holdings in Keurig Dr Pepper by 1.2% in the 1st quarter. Hartford Funds Management Co LLC now owns 34,497 shares of the company’s stock valued at $1,180,000 after acquiring an additional 413 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 447,601 shares of company stock worth $14,825,192. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Up 2.1%

Shares of KDP stock opened at $26.50 on Wednesday. Keurig Dr Pepper, Inc has a 1-year low of $25.92 and a 1-year high of $38.28. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The stock has a market cap of $36.00 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.42 and a beta of 0.47. The stock has a 50-day moving average of $31.41 and a 200-day moving average of $32.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 82.14%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. Piper Sandler reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a report on Monday, August 25th. BNP Paribas downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday. Finally, Hsbc Global Res cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.77.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.