Keurig Dr Pepper (NASDAQ:KDP) Director Purchases $250,247.46 in Stock

Key Points

• Director Aaron Alt purchased 7,862 Keurig Dr Pepper shares at an average price of $31.83, investing approximately $250,247 and becoming the direct owner of those shares.
• KDP recently exceeded quarterly expectations, reporting $0.57 EPS versus the $0.54 consensus and $7.31 billion in revenue, up 75.6% year over year.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $34.94 price target; the stock recently traded near $31.88.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) Director Aaron Alt purchased 7,862 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $31.83 per share, with a total value of $250,247.46. Following the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.33 during midday trading on Thursday, hitting $31.88. The company's stock had a trading volume of 7,788,864 shares, compared to its average volume of 12,019,577. The firm has a market capitalization of $43.38 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 1.42 and a beta of 0.40. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $31.18 and a 200 day moving average price of $29.45. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82.

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

Wall Street Analysts Forecast Growth

KDP has been the subject of several research reports. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research note on Wednesday, July 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a report on Thursday, August 20th. They issued an "overweight" rating and a $38.00 price objective for the company. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research note on Thursday, June 25th. Finally, UBS Group increased their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.94.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock valued at $26,000 after purchasing an additional 759 shares during the period. Activest Wealth Management increased its stake in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company's stock worth $31,000 after buying an additional 1,072 shares during the period. Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $31,000. Rossby Financial LCC boosted its position in Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company's stock valued at $31,000 after buying an additional 339 shares during the period. Finally, GW&K Investment Management LLC boosted its position in Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company's stock valued at $31,000 after buying an additional 451 shares during the period. 93.99% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source