Arcus Capital Partners LLC Makes New Investment in Keurig Dr Pepper, Inc $KDP

Arcus Capital Partners LLC acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,654 shares of the company’s stock, valued at approximately $675,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Salomon & Ludwin LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $26,000. Activest Wealth Management raised its position in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. acquired a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $31,000. Rossby Financial LCC boosted its position in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in Keurig Dr Pepper by 67.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Citigroup upped their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, UBS Group increased their price target on Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.07.

Keurig Dr Pepper Stock Down 1.5%

Keurig Dr Pepper stock opened at $30.91 on Friday. The firm has a 50 day moving average price of $30.79 and a 200 day moving average price of $28.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The company has a market capitalization of $42.05 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Research analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

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.