State of Wyoming Trims Stock Position in Keurig Dr Pepper, Inc $KDP

State of Wyoming lessened its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 88.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,465 shares of the company’s stock after selling 26,187 shares during the quarter. State of Wyoming’s holdings in Keurig Dr Pepper were worth $91,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. boosted its position in Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares in the last quarter. Activest Wealth Management boosted its position in Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $31,000. Finally, Rossby Financial LCC grew its stake in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP opened at $31.12 on Monday. The company has a market cap of $42.34 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a 50-day moving average price of $31.10 and a 200 day moving average price of $29.04. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KDP shares. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Barclays upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $36.00 in a research report on Thursday, June 25th. Citigroup lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. UBS Group upped their price objective on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Hold” and an average price target of $33.40.

Keurig Dr Pepper Company Profile

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.