Transcend Capital Advisors LLC Purchases 3,637 Shares of Keurig Dr Pepper, Inc $KDP

Transcend Capital Advisors LLC increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 44.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,851 shares of the company’s stock after acquiring an additional 3,637 shares during the period. Transcend Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $392,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Keurig Dr Pepper by 7.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,035,579 shares of the company’s stock worth $100,356,000 after acquiring an additional 212,394 shares during the period. Chilton Capital Management LLC grew its holdings in Keurig Dr Pepper by 9.2% during the second quarter. Chilton Capital Management LLC now owns 783,765 shares of the company’s stock valued at $25,911,000 after purchasing an additional 66,292 shares during the period. Brighton Jones LLC bought a new stake in Keurig Dr Pepper during the second quarter valued at about $851,000. MQS Management LLC grew its holdings in Keurig Dr Pepper by 181.4% during the second quarter. MQS Management LLC now owns 17,535 shares of the company’s stock valued at $580,000 after purchasing an additional 11,304 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its holdings in Keurig Dr Pepper by 99.7% during the second quarter. Kornitzer Capital Management Inc. KS now owns 158,086 shares of the company’s stock valued at $5,226,000 after purchasing an additional 78,925 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.15 on Thursday. The firm has a market cap of $36.88 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $27.62 and a 200-day moving average price of $31.60. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed 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 of this dividend 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 79.31%.

Wall Street Analyst Weigh In

KDP has been the subject of several recent research reports. Barclays boosted their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Finally, Piper Sandler cut their price target on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.27.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the company’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 completion of the transaction, the director owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

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.