Harbour Investments Inc. increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 1,022.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,666 shares of the company’s stock after acquiring an additional 22,469 shares during the quarter. Harbour Investments Inc.’s holdings in Keurig Dr Pepper were worth $691,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC lifted its holdings in Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after acquiring an additional 49,741 shares during the last quarter. Woodline Partners LP grew its position in Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC purchased a new position in Keurig Dr Pepper in the second quarter worth approximately $328,000. Finally, Jump Financial LLC increased its stake in Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after acquiring an additional 54,571 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.
Keurig Dr Pepper Stock Down 0.0%
Shares of NASDAQ:KDP opened at $30.03 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market capitalization of $40.86 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.37 and a beta of 0.41. The firm’s 50-day moving average is $27.63 and its two-hundred day moving average is $27.98. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.
Keurig Dr Pepper Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.
Wall Street Analyst Weigh In
KDP has been the topic of several recent analyst reports. Citigroup decreased their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Barclays increased their target price on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus target price of $31.57.
Check Out Our Latest Stock Report on Keurig Dr Pepper
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.
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