ARQ Wealth Advisors LLC Purchases 42,155 Shares of Keurig Dr Pepper, Inc $KDP

ARQ Wealth Advisors LLC lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 347.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,275 shares of the company’s stock after buying an additional 42,155 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,429,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. acquired a new position in Keurig Dr Pepper in the fourth quarter valued at $727,667,000. Norges Bank acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $568,361,000. Capital International Investors grew its holdings in Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock worth $472,193,000 after acquiring an additional 16,050,437 shares during the period. Wellington Management Group LLP grew its holdings in Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after acquiring an additional 15,393,753 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Keurig Dr Pepper by 285.3% in the 4th quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock worth $325,925,000 after acquiring an additional 8,615,869 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 3.1%

Shares of NASDAQ KDP traded up $0.95 during midday trading on Friday, hitting $31.67. 7,968,621 shares of the stock traded hands, compared to its average volume of 16,582,094. The company has a market cap of $43.09 billion, a PE ratio of 23.46, a P/E/G ratio of 1.45 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The business has a 50 day moving average price of $30.60 and a two-hundred day moving average price of $28.74. 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 (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Analysts Set New Price Targets

Several research firms recently commented on KDP. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a report on Wednesday, July 1st. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus target price of $32.47.

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.