Keurig Dr Pepper (NASDAQ:KDP) Director Acquires $250,247.46 in Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) Director Aaron Alt acquired 7,862 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director owned 7,862 shares in the company, valued at $250,247.46. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.18 on Friday. The company has a market cap of $43.79 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 1.43 and a beta of 0.40. The business’s fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $29.50. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

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

Institutional Trading of Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently modified their holdings of KDP. Northwestern Mutual Wealth Management Co. increased its stake in Keurig Dr Pepper by 290.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock worth $1,475,000 after buying an additional 39,156 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after acquiring an additional 57,797 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Keurig Dr Pepper by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after acquiring an additional 47,184 shares during the period. Anchor Capital Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 13.8% in the fourth quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock worth $36,357,000 after acquiring an additional 157,438 shares during the period. Finally, Fidelity National Financial Inc. purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $15,349,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KDP. Citigroup upped their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 7th. Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They set an “overweight” rating and a $38.00 price objective on the stock. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, August 13th. Finally, Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.94.

About Keurig Dr Pepper

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.