Parr Mcknight Wealth Management Group LLC Has $785,000 Stock Position in Keurig Dr Pepper, Inc $KDP

Parr Mcknight Wealth Management Group LLC lowered its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 49.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,022 shares of the company’s stock after selling 27,718 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Keurig Dr Pepper were worth $785,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Essex Financial Services Inc. acquired a new position in Keurig Dr Pepper during the fourth quarter worth about $207,000. MUFG Securities EMEA plc raised its stake in Keurig Dr Pepper by 1,803.6% during the fourth quarter. MUFG Securities EMEA plc now owns 494,953 shares of the company’s stock worth $13,864,000 after acquiring an additional 468,952 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Keurig Dr Pepper by 48.2% during the fourth quarter. BNP Paribas Financial Markets now owns 4,303,137 shares of the company’s stock worth $120,531,000 after acquiring an additional 1,400,424 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in Keurig Dr Pepper by 351.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 3,053 shares of the company’s stock worth $86,000 after acquiring an additional 2,377 shares in the last quarter. Finally, Impact Partnership Wealth LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth approximately $418,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Barclays upped their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. UBS Group upped their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $30.03 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The business has a 50 day moving average of $27.63 and a 200-day moving average of $27.99. The company has a market capitalization of $40.86 billion, a P/E ratio of 22.24, a P/E/G ratio of 1.37 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 2.29 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 10th. Investors of record on Friday, June 26th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

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.