Keurig Dr Pepper Inc (NYSE:KDP) Director Robert S. Singer purchased 8,500 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was purchased at an average price of $25.98 per share, with a total value of $220,830.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:KDP traded down $0.47 during midday trading on Thursday, reaching $25.98. 4,307,500 shares of the company were exchanged, compared to its average volume of 2,999,594. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.40. Keurig Dr Pepper Inc has a one year low of $20.46 and a one year high of $126.65. The firm has a market cap of $37.21 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 1.48 and a beta of 0.47.
Keurig Dr Pepper (NYSE:KDP) last issued its earnings results on Wednesday, November 7th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a net margin of 13.55% and a return on equity of 15.76%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 139.6% on a year-over-year basis. As a group, research analysts predict that Keurig Dr Pepper Inc will post 1.04 earnings per share for the current year.
Several large investors have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new position in shares of Keurig Dr Pepper during the third quarter worth $5,451,000. Marshall Wace LLP boosted its position in shares of Keurig Dr Pepper by 393.1% during the third quarter. Marshall Wace LLP now owns 151,406 shares of the company’s stock worth $3,508,000 after acquiring an additional 120,700 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of Keurig Dr Pepper during the third quarter worth $5,339,000. Vanguard Group Inc. bought a new position in shares of Keurig Dr Pepper during the third quarter worth $388,634,000. Finally, Morgan Stanley bought a new position in shares of Keurig Dr Pepper during the third quarter worth $21,355,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.
KDP has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Keurig Dr Pepper from $15.46 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Monday, August 20th. Guggenheim initiated coverage on shares of Keurig Dr Pepper in a research report on Thursday, September 13th. They issued a “neutral” rating and a $22.00 price target for the company. Zacks Investment Research upgraded shares of Keurig Dr Pepper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, ValuEngine upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Keurig Dr Pepper presently has an average rating of “Hold” and an average target price of $27.15.
About Keurig Dr Pepper
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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