Keurig Dr Pepper Inc (NYSE:KDP) Director Robert S. Singer bought 3,500 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $29.39 per share, for a total transaction of $102,865.00. Following the acquisition, the director now directly owns 53,001 shares of the company’s stock, valued at $1,557,699.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Keurig Dr Pepper stock opened at $29.50 on Thursday. The business’s fifty day simple moving average is $27.75 and its 200 day simple moving average is $28.27. The firm has a market capitalization of $40.78 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 1.56 and a beta of 0.45. Keurig Dr Pepper Inc has a 12 month low of $24.52 and a 12 month high of $32.00. The company has a current ratio of 0.35, a quick ratio of 0.23 and a debt-to-equity ratio of 0.57.

Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.86 billion. Keurig Dr Pepper had a return on equity of 7.27% and a net margin of 10.13%. Keurig Dr Pepper’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Analysts predict that Keurig Dr Pepper Inc will post 1.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.03%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 57.69%.

Institutional investors have recently modified their holdings of the stock. Rational Advisors LLC grew its position in shares of Keurig Dr Pepper by 45.2% in the third quarter. Rational Advisors LLC now owns 1,802 shares of the company’s stock valued at $49,000 after purchasing an additional 561 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in Keurig Dr Pepper by 29.2% during the third quarter. Catalyst Capital Advisors LLC now owns 2,520 shares of the company’s stock worth $69,000 after buying an additional 570 shares in the last quarter. BBVA USA Bancshares Inc. purchased a new position in Keurig Dr Pepper during the third quarter worth about $352,000. Fulcrum Equity Management purchased a new position in Keurig Dr Pepper during the third quarter worth about $30,000. Finally, Tower Research Capital LLC TRC grew its position in Keurig Dr Pepper by 143.3% during the third quarter. Tower Research Capital LLC TRC now owns 27,444 shares of the company’s stock worth $750,000 after buying an additional 16,163 shares in the last quarter. Institutional investors and hedge funds own 19.50% of the company’s stock.

A number of research firms have recently weighed in on KDP. ValuEngine upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Morgan Stanley raised their target price on Keurig Dr Pepper from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Guggenheim restated a “hold” rating on shares of Keurig Dr Pepper in a report on Friday, September 27th. SunTrust Banks set a $35.00 target price on Keurig Dr Pepper and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Bank of America raised their target price on Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $30.61.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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