Copperwynd Financial LLC Invests $667,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Copperwynd Financial LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,752 shares of the company’s stock, valued at approximately $667,000.

A number of other hedge funds have also made changes to their positions in KDP. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $37,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $61,000. Finally, R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 1.4 %

Shares of KDP stock opened at $33.59 on Friday. The stock has a market cap of $45.57 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a one year low of $28.62 and a one year high of $38.28. The stock has a fifty day moving average price of $32.17 and a 200 day moving average price of $33.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 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 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper’s payout ratio is presently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total value of $408,600.00. Following the transaction, the insider now directly owns 187,537 shares of the company’s stock, valued at approximately $6,385,634.85. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KDP. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective on the stock. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley raised their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

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.