Cwm LLC Raises Stock Position in Keurig Dr Pepper, Inc $KDP

Cwm LLC increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 89.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,755 shares of the company’s stock after acquiring an additional 37,580 shares during the quarter. Cwm LLC’s holdings in Keurig Dr Pepper were worth $2,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth $25,000. Chung Wu Investment Group LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $26,000. WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $43,000. Continuum Advisory LLC raised its position in shares of Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after buying an additional 602 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $68,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.1%

NASDAQ KDP opened at $28.03 on Friday. The firm’s 50-day moving average is $28.74 and its two-hundred day moving average is $31.98. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $37.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The stock has a market capitalization of $38.08 billion, a P/E ratio of 25.03, a PEG ratio of 1.55 and a beta of 0.43.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given 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 yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is presently 82.14%.

Insider Activity

In other news, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the transaction, the director owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 423,601 shares of company stock worth $14,017,592 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. The Goldman Sachs Group dropped their price objective on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.00.

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.