Keurig Dr Pepper Inc (NYSE:KDP) Shares Acquired by Meridian Wealth Management LLC
Meridian Wealth Management LLC grew its position in Keurig Dr Pepper Inc (NYSE:KDP) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,830 shares of the company’s stock after purchasing an additional 11,234 shares during the period. Keurig Dr Pepper makes up approximately 2.0% of Meridian Wealth Management LLC’s holdings, making the stock its 11th largest holding. Meridian Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $5,024,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. Winslow Evans & Crocker Inc. boosted its position in Keurig Dr Pepper by 312.6% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 41,432 shares of the company’s stock valued at $1,200,000 after purchasing an additional 31,390 shares during the period. Archford Capital Strategies LLC boosted its position in Keurig Dr Pepper by 1,032.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 16,986 shares of the company’s stock valued at $491,000 after purchasing an additional 15,486 shares during the period. Harvest Investment Services LLC acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at approximately $253,000. CWM Advisors LLC boosted its position in Keurig Dr Pepper by 7.0% during the 2nd quarter. CWM Advisors LLC now owns 31,612 shares of the company’s stock valued at $914,000 after purchasing an additional 2,076 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its position in Keurig Dr Pepper by 187.3% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,223 shares of the company’s stock valued at $934,000 after purchasing an additional 20,355 shares during the period. 14.25% of the stock is currently owned by institutional investors and hedge funds.
KDP stock traded up $0.24 during trading on Tuesday, reaching $28.24. 34,740 shares of the company’s stock were exchanged, compared to its average volume of 2,243,582. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58. Keurig Dr Pepper Inc has a 1-year low of $22.19 and a 1-year high of $31.06. The company has a fifty day simple moving average of $28.98. The stock has a market capitalization of $39.47 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.50 and a beta of 0.46.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.12%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 57.69%.
A number of research analysts recently issued reports on the company. Credit Suisse Group set a GBX 3,090 ($40.38) price objective on Royal Dutch Shell and gave the company a “buy” rating in a research report on Wednesday, July 17th. BMO Capital Markets upgraded Bank of America from a “market perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Monday, June 17th. Zacks Investment Research lowered CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Morgan Stanley set a €37.50 ($43.60) price target on Deutsche Post and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Keurig Dr Pepper presently has an average rating of “Hold” and an average price target of $29.08.
In other news, Director Robert S. Singer acquired 3,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was acquired at an average price of $28.93 per share, for a total transaction of $86,790.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Singer acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was purchased at an average price of $28.98 per share, with a total value of $57,960.00. The disclosure for this purchase can be found here. Corporate insiders own 0.44% of the company’s stock.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
Featured Story: What does cost of debt say about a company’s financial health?
Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper Inc (NYSE:KDP).
Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.