Robert S. Singer Acquires 3,500 Shares of Keurig Dr Pepper Inc (NYSE:KDP) Stock
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.
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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