Poehling Capital Management INC. Has $2.15 Million Position in Keurig Dr Pepper, Inc $KDP

Poehling Capital Management INC. grew its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 216.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,262 shares of the company’s stock after purchasing an additional 57,653 shares during the quarter. Poehling Capital Management INC.’s holdings in Keurig Dr Pepper were worth $2,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KDP. NewSquare Capital LLC raised its holdings in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares during the last quarter. AlphaCore Capital LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC bought a new position in shares of Keurig Dr Pepper during the third quarter valued at $26,000. Mather Group LLC. bought a new position in shares of Keurig Dr Pepper during the third quarter valued at $30,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Piper Sandler increased their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Barclays raised their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company increased their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Keurig Dr Pepper Stock Down 1.5%

Shares of Keurig Dr Pepper stock opened at $28.01 on Friday. The stock’s 50-day moving average is $28.03 and its 200 day moving average is $28.68. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The firm has a market cap of $38.05 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.96 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

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.