Parallel Advisors LLC Boosts Stock Holdings in Keurig Dr Pepper, Inc $KDP

Parallel Advisors LLC increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 10.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,130 shares of the company’s stock after purchasing an additional 1,571 shares during the quarter. Parallel Advisors LLC’s holdings in Keurig Dr Pepper were worth $566,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at about $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at approximately $27,000. WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at approximately $43,000. Continuum Advisory LLC increased its holdings 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 purchasing an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper in the 1st quarter valued at $48,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of analyst reports. Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. HSBC reiterated a “hold” rating and set a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. UBS Group lowered their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Barclays increased their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Citigroup lowered their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $37.77.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares of the company’s stock, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 447,601 shares of company stock valued at $14,825,192. 0.40% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Price Performance

KDP stock opened at $27.11 on Friday. The business has a 50 day moving average price of $31.68 and a 200 day moving average price of $33.04. The stock has a market cap of $36.83 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.49 and a beta of 0.47. Keurig Dr Pepper, Inc has a fifty-two week low of $26.58 and a fifty-two week high of $38.28. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

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

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.23 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio is presently 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.