Key Points
- Director Aaron Alt purchased 7,862 Keurig Dr Pepper shares at an average price of $31.83, investing approximately $250,247. The transaction was disclosed in an SEC filing and represents his entire newly reported direct holding.
- Keurig Dr Pepper reported quarterly adjusted earnings of $0.57 per share, exceeding estimates of $0.54, while revenue rose 75.6% year over year to $7.31 billion.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $34.94; the stock recently opened at $31.88, while institutional investors own nearly 94% of outstanding shares.
Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) Director Aaron Alt acquired 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the purchase, the director directly owned 7,862 shares of the company's stock, valued at approximately $250,247.46. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Keurig Dr Pepper Stock Down 1.0%
Shares of NASDAQ KDP opened at $31.88 on Friday. The firm has a market cap of $43.38 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.44 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $33.82. The firm's 50 day moving average price is $31.21 and its 200 day moving average price is $29.48.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the firm posted $0.49 EPS. Keurig Dr Pepper's revenue was up 75.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.
Analysts Set New Price Targets
KDP has been the subject of several analyst reports. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research note on Wednesday, July 8th. The Goldman Sachs Group raised Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research note on Thursday, June 25th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a report on Wednesday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, UBS Group increased their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $34.94.
Read Our Latest Report on KDP
Institutional Trading of Keurig Dr Pepper
Institutional investors and hedge funds have recently made changes to their positions in the company. HORAN Wealth LLC raised its position 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 buying an additional 4,673 shares during the period. Amundi grew its position in 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 acquiring an additional 1,705,572 shares during the period. HighTower Advisors LLC grew its position in 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 acquiring an additional 13,571 shares during the period. Groupe la Francaise increased its stake in Keurig Dr Pepper by 11.3% during the second quarter. Groupe la Francaise now owns 155,583 shares of the company's stock worth $5,092,000 after acquiring an additional 15,765 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Keurig Dr Pepper by 2,997.3% during the second quarter. California State Teachers Retirement System now owns 68,048,910 shares of the company's stock worth $2,079,099,000 after acquiring an additional 65,851,849 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.
Keurig Dr Pepper Company Profile
(
Get Free Report)
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.
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