Keurig Dr Pepper (NASDAQ:KDP) VP Angela Stephens Sells 9,500 Shares

Keurig Dr Pepper, Inc (NASDAQ:KDP) VP Angela Stephens sold 9,500 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total transaction of $310,650.00. Following the transaction, the vice president directly owned 55,786 shares in the company, valued at $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Keurig Dr Pepper Trading Down 0.9%

Shares of KDP stock opened at $32.59 on Friday. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The company has a 50-day simple moving average of $31.29 and a two-hundred day simple moving average of $29.60. The company has a market capitalization of $44.35 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.55 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 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Analysts Set New Price Targets

KDP has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Finally, Morgan Stanley began coverage on Keurig Dr Pepper in a report on Thursday, August 20th. They set an “overweight” rating and a $38.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $34.94.

Institutional Trading of Keurig Dr Pepper

Institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. grew its stake in Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 759 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after acquiring an additional 1,023 shares during the period. Rossby Financial LCC boosted its holdings in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares during the period. Washington Trust Advisors Inc. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $31,000. Finally, GW&K Investment Management LLC raised its stake in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 451 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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.