USA Financial Formulas Makes New Investment in Keurig Dr Pepper, Inc $KDP

USA Financial Formulas bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, according to its most recent filing with the SEC. The firm bought 24,212 shares of the company’s stock, valued at approximately $735,000.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its position in Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares during the last quarter. Community Bank N.A. bought a new stake in Keurig Dr Pepper during the second quarter valued at about $29,000. Reflection Asset Management bought a new stake in Keurig Dr Pepper during the fourth quarter valued at about $35,000. Fortitude Family Office LLC grew its position in shares of Keurig Dr Pepper by 216.2% in the third quarter. Fortitude Family Office LLC now owns 1,565 shares of the company’s stock valued at $47,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Keurig Dr Pepper by 54.9% in the third quarter. Mather Group LLC. now owns 1,816 shares of the company’s stock valued at $55,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.3%

Shares of KDP stock opened at $34.62 on Friday. The firm has a market capitalization of $47.11 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 1.63 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $34.71. The firm’s fifty day simple moving average is $31.59 and its 200 day simple moving average is $30.32. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the prior year, the firm earned $0.49 EPS. The business’s revenue was up 75.6% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.30 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Keurig Dr Pepper’s payout ratio is presently 92.93%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KDP shares. JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, August 13th. Piper Sandler restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Wednesday. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a report on Wednesday, July 8th. Finally, UBS Group lifted their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Insider Activity

In related news, Director Aaron Alt acquired 7,862 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Angela Stephens sold 9,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president owned 55,786 shares of the company’s stock, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by company insiders.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that produces, distributes and markets a broad portfolio of hot and cold beverages. Its products include coffee, soft drinks, flavored sparkling water, juices, teas, sports drinks and mixers, sold under brands such as Keurig, Dr Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, 7UP, A&W, Bai and Core Hydration.

The company’s coffee business includes single-serve brewing systems, coffee makers, pods and related beverages.