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Merit Financial Group LLC Buys 57,500 Shares of Keurig Dr Pepper, Inc $KDP
Merit Financial Group LLC significantly increased its stake in Keurig Dr Pepper (NASDAQ:KDP) by 194.6% in the fourth quarter, acquiring an additional 57,500 shares to bring its total holdings to 87,054 shares valued at $2.44 million. This move comes as Keurig Dr Pepper surpassed Q4 earnings expectations with $0.60 EPS and $4.50 billion in revenue, prompting a mixed analyst sentiment with a “Hold” consensus rating despite recent price target reductions. The company also recently paid a quarterly dividend of $0.23, representing a 3.5% yield.