Key Points
- Insider sale: Mary Beth Denooyer sold 12,000 Keurig Dr Pepper shares for approximately $390,600, reducing her position by 12.48% to 84,171 shares.
- Strong quarterly results: Keurig Dr Pepper reported quarterly EPS of $0.57 versus a $0.54 consensus estimate, while revenue rose 75.6% year over year to $7.31 billion.
- Analyst sentiment remains positive: The stock has a “Moderate Buy” consensus rating and an average price target of $34.94; institutional investors own nearly 94% of outstanding shares.
Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the completion of the transaction, the insider directly owned 84,171 shares of the company's stock, valued at $2,739,766.05. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Keurig Dr Pepper Price Performance
KDP opened at $31.46 on Friday. The stock has a market cap of $42.81 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.51 and a beta of 0.40. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $31.20 and a 200 day simple moving average of $29.68.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its 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. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company's revenue for the quarter was up 75.6% on a year-over-year basis. On average, research analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.
Institutional Trading of Keurig Dr Pepper
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Keurig Dr Pepper in the 2nd quarter valued at approximately $4,697,645,000. California State Teachers Retirement System boosted its position in Keurig Dr Pepper by 2,997.3% during the 2nd 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. T. Rowe Price Investment Management Inc. acquired a new position in Keurig Dr Pepper during the 4th quarter worth approximately $727,667,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $767,105,000. Finally, Norges Bank bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $568,361,000. 93.99% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on KDP shares. The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a report on Thursday, June 25th. Barclays increased their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Zacks Research lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, Morgan Stanley started 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 for the company. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $34.94.
Read Our Latest Stock Report on KDP
About Keurig Dr Pepper
(
Get Free Report)
Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.
Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott's, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.
Further Reading
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