Key Points
- Keurig Dr Pepper VP Angela Stephens sold 9,500 shares at an average price of $32.70, generating $310,650 and reducing her holdings by 14.55% to 55,786 shares.
- KDP reported quarterly EPS of $0.57, exceeding estimates by $0.03, while revenue reached $7.31 billion and increased 75.6% year over year.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $34.94; institutional investors own 93.99% of the stock.
Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) VP Angela Stephens sold 9,500 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the transaction, the vice president owned 55,786 shares of the company's stock, valued at $1,824,202.20. This trade represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Keurig Dr Pepper Stock Performance
Keurig Dr Pepper stock opened at $32.59 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year 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. The firm has a market capitalization of $44.35 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. The firm's 50 day simple moving average is $31.29 and its 200 day simple moving average is $29.60.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business's revenue for the quarter was up 75.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. As a group, analysts expect that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Keurig Dr Pepper
Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $1,475,000 after purchasing an additional 39,156 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Keurig Dr Pepper by 47.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company's stock valued at $5,030,000 after buying an additional 57,797 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Keurig Dr Pepper by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company's stock valued at $43,489,000 after acquiring an additional 47,184 shares during the last quarter. Fidelity National Financial Inc. bought a new position in Keurig Dr Pepper during the 4th quarter worth approximately $15,349,000. Finally, Anchor Capital Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 13.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company's stock valued at $36,357,000 after purchasing an additional 157,438 shares during the period. 93.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have weighed in on KDP shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Citigroup raised 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. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Thursday, August 13th. Finally, Morgan Stanley initiated coverage on shares of Keurig Dr Pepper in a report on Thursday, August 20th. They issued an "overweight" rating and a $38.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.94.
Check Out Our Latest Research Report on KDP
About Keurig Dr Pepper
(
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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