Jackson Thornton Wealth Management LLC Takes $226,000 Position in Keurig Dr Pepper, Inc $KDP

Jackson Thornton Wealth Management LLC bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,646 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors also recently made changes to their positions in the company. Amundi grew its holdings in shares of Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock valued at $156,920,000 after purchasing an additional 315,290 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Keurig Dr Pepper by 61.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after purchasing an additional 23,167 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Keurig Dr Pepper by 15.2% during the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after purchasing an additional 39,916 shares during the last quarter. LBP AM SA grew its holdings in shares of Keurig Dr Pepper by 1,772.6% during the second quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after purchasing an additional 519,851 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Keurig Dr Pepper by 9.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after buying an additional 12,530 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 423,601 shares of company stock valued at $14,017,592 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KDP. The Goldman Sachs Group decreased their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Citigroup decreased their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. HSBC reissued a “hold” rating and issued a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Finally, Barclays lowered Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $26.00 in a report on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.87.

Keurig Dr Pepper Stock Performance

KDP opened at $27.75 on Tuesday. The company has a market capitalization of $37.70 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $37.27. The business has a 50 day moving average price of $28.60 and a two-hundred day moving average price of $31.91.

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

Keurig Dr Pepper Dividend Announcement

The company 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. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is 82.14%.

Keurig Dr Pepper Company Profile

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.