Legacy Capital Wealth Partners LLC Acquires Shares of 8,616 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Legacy Capital Wealth Partners LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,616 shares of the company’s stock, valued at approximately $288,000.

Other institutional investors have also recently bought and sold shares of the company. Morningstar Investment Management LLC increased its stake in shares of Keurig Dr Pepper by 1.1% in the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after buying an additional 328 shares during the period. Kentucky Retirement Systems increased its stake in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after buying an additional 344 shares during the period. Mather Group LLC. increased its stake in shares of Keurig Dr Pepper by 29.0% in the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock valued at $53,000 after buying an additional 392 shares during the period. US Bancorp DE increased its stake in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. US Bancorp DE now owns 121,107 shares of the company’s stock valued at $4,035,000 after buying an additional 503 shares during the period. Finally, Mckinley Capital Management LLC increased its stake in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. Mckinley Capital Management LLC now owns 37,112 shares of the company’s stock valued at $1,138,000 after buying an additional 595 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Performance

KDP stock opened at $37.23 on Thursday. The business’s 50-day moving average price is $34.27 and its two-hundred day moving average price is $32.86. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market cap of $50.47 billion, a PE ratio of 24.02, a P/E/G ratio of 2.75 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $37.58.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Barclays lowered their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their target price for the company from $27.00 to $34.00 in a research note on Monday, June 17th. BNP Paribas assumed coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, UBS Group lifted their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.50.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.