Burling Wealth Partners LLC Takes $1.28 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Burling Wealth Partners LLC acquired a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,988 shares of the company's stock, valued at approximately $1,284,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. Townsquare Capital LLC boosted its position in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after purchasing an additional 327 shares in the last quarter. Perigon Wealth Management LLC lifted its position in Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after buying an additional 342 shares during the period. Barden Capital Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 0.9% during the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after buying an additional 353 shares in the last quarter. Custom Index Systems LLC grew its position in shares of Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after buying an additional 357 shares during the period. Finally, First Hawaiian Bank increased its stake in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock worth $250,000 after acquiring an additional 384 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,421,350 shares of company stock worth $2,757,137,010 over the last three months. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded down $0.36 during trading hours on Monday, hitting $34.04. 12,502,096 shares of the company's stock traded hands, compared to its average volume of 10,033,754. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The firm has a market capitalization of $46.18 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.54. The business's fifty day moving average price is $34.13 and its two-hundred day moving average price is $33.18.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KDP shares. Barclays upped their price objective on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper 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.