Aaron Alt Buys 7,862 Shares of Keurig Dr Pepper (NASDAQ:KDP) Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) Director Aaron Alt purchased 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the transaction, the director directly owned 7,862 shares of the company’s stock, valued at $250,247.46. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.18 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82. The company has a 50-day simple moving average of $31.24 and a two-hundred day simple moving average of $29.50. The firm has a market capitalization of $43.79 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 75.6% on a year-over-year basis. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Institutional Trading of Keurig Dr Pepper

Institutional investors have recently added to or reduced their stakes in the business. HORAN Wealth LLC increased its holdings in shares of Keurig Dr Pepper by 7.1% in the 2nd quarter. HORAN Wealth LLC now owns 70,727 shares of the company’s stock worth $2,315,000 after purchasing an additional 4,673 shares in the last quarter. Amundi lifted its holdings in shares of Keurig Dr Pepper by 30.1% during the second quarter. Amundi now owns 7,381,268 shares of the company’s stock valued at $241,589,000 after purchasing an additional 1,705,572 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Keurig Dr Pepper by 16.7% during the second quarter. HighTower Advisors LLC now owns 94,848 shares of the company’s stock valued at $3,104,000 after buying an additional 13,571 shares during the last quarter. Groupe la Francaise increased its holdings in Keurig Dr Pepper by 11.3% in the 2nd quarter. Groupe la Francaise now owns 155,583 shares of the company’s stock worth $5,092,000 after buying an additional 15,765 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Keurig Dr Pepper by 2,997.3% in the 2nd quarter. California State Teachers Retirement System now owns 68,048,910 shares of the company’s stock worth $2,079,099,000 after buying an additional 65,851,849 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, August 13th. Finally, Citigroup upped their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.