Exencial Wealth Advisors LLC Increases Stock Holdings in Keurig Dr Pepper, Inc $KDP

Exencial Wealth Advisors LLC increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,697 shares of the company’s stock after buying an additional 1,037 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Keurig Dr Pepper were worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Keurig Dr Pepper during the 1st quarter worth $25,000. Chung Wu Investment Group LLC purchased a new position in Keurig Dr Pepper during the 2nd quarter worth $26,000. WPG Advisers LLC purchased a new position in Keurig Dr Pepper during the 1st quarter worth $43,000. Continuum Advisory LLC grew its stake in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after purchasing an additional 602 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Keurig Dr Pepper by 26.4% during the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after purchasing an additional 339 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KDP shares. Piper Sandler dropped their price target on 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. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Barclays downgraded Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $26.00 in a research note on Wednesday, September 24th. TD Cowen dropped their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Finally, Hsbc Global Res downgraded 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, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Hold” and an average target price of $34.87.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 423,601 shares of company stock valued at $14,017,592 in the last quarter. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Down 1.0%

Shares of KDP opened at $27.39 on Thursday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.95. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $37.21 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.53 and a beta of 0.43. The stock’s 50-day moving average price is $28.31 and its 200-day moving average price is $31.85.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio is presently 82.14%.

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.