Keurig Dr Pepper Inc (NYSE:KDP) Director Acquires $85,950.00 in Stock

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Keurig Dr Pepper Inc (NYSE:KDP) Director Robert S. Singer acquired 3,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $28.65 per share, with a total value of $85,950.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

KDP opened at $27.84 on Friday. The stock has a fifty day moving average of $28.59 and a 200-day moving average of $28.17. The firm has a market capitalization of $40.05 billion, a P/E ratio of 26.77, a PEG ratio of 1.52 and a beta of 0.46. Keurig Dr Pepper Inc has a 12-month low of $22.19 and a 12-month high of $31.06. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 0.58.

Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. The company’s revenue for the quarter was up 196.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 earnings per share. On average, analysts expect that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KDP. Dimensional Fund Advisors LP grew its holdings in shares of Keurig Dr Pepper by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 691,726 shares of the company’s stock worth $17,736,000 after purchasing an additional 10,123 shares during the period. Norges Bank purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $36,626,000. Geode Capital Management LLC boosted its holdings in Keurig Dr Pepper by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,503,573 shares of the company’s stock valued at $38,551,000 after acquiring an additional 77,402 shares during the period. First Citizens Bank & Trust Co. purchased a new position in Keurig Dr Pepper during the 1st quarter valued at about $481,000. Finally, Raymond James Trust N.A. purchased a new position in Keurig Dr Pepper during the 1st quarter valued at about $209,000. Institutional investors own 14.15% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada set a $31.00 price objective on Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, June 19th. Morgan Stanley set a $24.00 price objective on Keurig Dr Pepper and gave the stock a “sell” rating in a research note on Friday, August 9th. ValuEngine raised Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets raised Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.24.

About Keurig Dr Pepper

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.

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