Insider Buying: Keurig Dr Pepper (NASDAQ:KDP) Director Acquires $250,247.46 in Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) Director Aaron Alt acquired 7,862 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares in the company, valued at approximately $250,247.46. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Keurig Dr Pepper Trading Down 1.0%

Shares of NASDAQ:KDP traded down $0.33 on Thursday, hitting $31.88. The company had a trading volume of 7,788,864 shares, compared to its average volume of 12,019,577. The firm’s 50-day simple moving average is $31.18 and its two-hundred day simple moving average is $29.45. 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 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 1 year low of $24.88 and a 1 year high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates 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 revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Equities analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KDP shares. Barclays upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Citigroup upped their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.94.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Auxier Asset Management boosted its holdings in Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares during the last quarter. Rossby Financial LCC increased its stake in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares during the last quarter. Wealth Watch Advisors INC increased its stake in Keurig Dr Pepper by 18.3% during the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after acquiring an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after acquiring an additional 420 shares during the last quarter. Finally, BOKF NA raised its holdings in shares of Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after purchasing an additional 425 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.