Heartland Advisors Inc. Makes New Investment in Keurig Dr Pepper, Inc $KDP

Heartland Advisors Inc. acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 226,469 shares of the company’s stock, valued at approximately $5,777,000.

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

Keurig Dr Pepper Stock Down 1.9%

Keurig Dr Pepper stock opened at $29.13 on Wednesday. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.03 and a beta of 0.34. The company’s 50 day simple moving average is $28.15 and its 200 day simple moving average is $28.38. 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, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the topic of several research reports. UBS Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Wells Fargo & Company raised 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 note on Tuesday, October 28th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Finally, Piper Sandler raised 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. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.87.

Keurig Dr Pepper 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.