Keurig Dr Pepper Inc (NYSE:KDP) insider Maria A. Sceppaguercio-Gever acquired 49,638 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was purchased at an average cost of $23.91 per share, with a total value of $1,186,844.58. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
KDP opened at $24.47 on Friday. Keurig Dr Pepper Inc has a fifty-two week low of $20.46 and a fifty-two week high of $126.65. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.93 and a quick ratio of 0.75. The firm has a market capitalization of $33.34 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 1.38 and a beta of 0.72.
Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $1.01. Keurig Dr Pepper had a net margin of 15.98% and a return on equity of 39.52%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.85 billion. The company’s revenue was up 5.0% compared to the same quarter last year. equities analysts anticipate that Keurig Dr Pepper Inc will post 1.05 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $8,695,000. Marshall Wace LLP acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $3,746,000. TradeLink Capital LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $2,806,000. Twin Tree Management LP acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $2,442,000. Finally, KCM Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $677,000. 11.56% of the stock is owned by institutional investors.
A number of research firms have weighed in on KDP. Guggenheim began coverage on shares of Keurig Dr Pepper in a report on Thursday. They issued a “neutral” rating and a $22.00 price objective for the company. ValuEngine cut shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Goldman Sachs Group began coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 18th. They issued a “neutral” rating and a $26.00 price objective for the company. Stifel Nicolaus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 11th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, Bank of America set a $30.00 price objective on shares of Keurig Dr Pepper and gave the company a “buy” rating in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.57.
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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