Keurig Dr Pepper (NASDAQ:KDP) Director Aaron Alt Purchases 7,862 Shares

Keurig Dr Pepper, Inc (NASDAQ:KDP) Director Aaron Alt purchased 7,862 shares of the stock in a transaction dated Tuesday, August 25th. The shares were bought at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the purchase, the director owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.88 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. The company has a 50-day simple moving average of $31.21 and a 200-day simple moving average of $29.48. The company has a market capitalization of $43.38 billion, a PE ratio of 32.20, a P/E/G ratio of 1.44 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue was up 75.6% on a year-over-year basis. Equities research analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

KDP has been the topic of a number of research reports. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, August 13th. Morgan Stanley started coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.94.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Keurig Dr Pepper in the second quarter valued at $4,697,645,000. California State Teachers Retirement System increased 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 purchasing an additional 65,851,849 shares in the last quarter. State Street Corp increased its position in Keurig Dr Pepper by 1.6% during the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after purchasing an additional 986,700 shares in the last quarter. Wellington Management Group LLP raised its stake in Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after purchasing an additional 15,393,753 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Keurig Dr Pepper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock valued at $887,021,000 after purchasing an additional 1,187,457 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Company Profile

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.