Farther Finance Advisors LLC Has $307,000 Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Farther Finance Advisors LLC grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 122.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,771 shares of the company’s stock after purchasing an additional 4,822 shares during the period. Farther Finance Advisors LLC’s holdings in Keurig Dr Pepper were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. ST Germain D J Co. Inc. acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $27,000. New Age Alpha Advisors LLC grew its holdings in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares during the period. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the fourth quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper during the fourth quarter worth $42,000. Finally, LRI Investments LLC lifted its position in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after acquiring an additional 605 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the transaction, the director now owns 3,054,490 shares of the company’s stock, valued at $103,730,480.40. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the sale, the insider now owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. This represents a 6.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 698,500 shares of company stock worth $23,591,400 in the last three months. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 0.7%

Shares of KDP stock opened at $32.87 on Wednesday. The stock has a 50-day moving average of $33.85 and a 200-day moving average of $33.08. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The stock has a market cap of $44.64 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 2.57 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. Keurig Dr Pepper’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. Keurig Dr Pepper’s dividend payout ratio is currently 83.64%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KDP. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Argus assumed coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Keurig Dr Pepper 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.