Burling Wealth Partners LLC Reduces Position in Keurig Dr Pepper, Inc $KDP

Burling Wealth Partners LLC trimmed its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 87.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,199 shares of the company’s stock after selling 81,408 shares during the quarter. Burling Wealth Partners LLC’s holdings in Keurig Dr Pepper were worth $311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KDP. Asset Dedication LLC lifted its holdings in Keurig Dr Pepper by 3.8% during the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after buying an additional 288 shares during the last quarter. Auxier Asset Management raised its position in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares in the last quarter. Private Trust Co. NA lifted its stake in Keurig Dr Pepper by 26.4% during the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares during the last quarter. NewSquare Capital LLC boosted its holdings in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares in the last quarter. Finally, Zions Bancorporation National Association UT boosted its holdings in Keurig Dr Pepper by 1.7% in the second quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock valued at $792,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $29.10 on Friday. The firm has a market cap of $39.53 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.99 and a beta of 0.34. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The business’s 50-day moving average price is $28.13 and its 200 day moving average price is $28.39. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Analyst Ratings Changes

KDP has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Piper Sandler upped their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, UBS Group reiterated a “buy” rating and set a $35.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $34.87.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate 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.