Keurig Dr Pepper Inc (KDP) Director Acquires $86,790.00 in Stock

Keurig Dr Pepper Inc (NYSE:KDP) Director Robert S. Singer purchased 3,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were acquired at an average price of $28.93 per share, for a total transaction of $86,790.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

KDP traded up $0.66 during trading on Friday, reaching $29.26. 2,071,052 shares of the stock traded hands, compared to its average volume of 2,504,139. The stock has a market cap of $40.23 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.53 and a beta of 0.47. Keurig Dr Pepper Inc has a fifty-two week low of $20.46 and a fifty-two week high of $124.36. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Keurig Dr Pepper had a return on equity of 8.95% and a net margin of 9.39%. The business’s revenue was up 164.1% on a year-over-year basis. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. Keurig Dr Pepper’s payout ratio is 57.69%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GWM Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter worth about $31,000. Versant Capital Management Inc lifted its position in shares of Keurig Dr Pepper by 751.3% in the first quarter. Versant Capital Management Inc now owns 1,328 shares of the company’s stock worth $37,000 after buying an additional 1,172 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter worth about $40,000. Trust Co. of Vermont lifted its position in shares of Keurig Dr Pepper by 177.8% in the first quarter. Trust Co. of Vermont now owns 1,500 shares of the company’s stock worth $42,000 after buying an additional 960 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Keurig Dr Pepper by 3,634.0% in the first quarter. CENTRAL TRUST Co now owns 1,755 shares of the company’s stock worth $49,000 after buying an additional 1,708 shares during the last quarter. 12.98% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on Keurig Dr Pepper from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Friday, May 10th. Morgan Stanley downgraded Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 price target on the stock. in a report on Thursday, April 11th. Barclays reiterated a “buy” rating and set a $31.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, March 19th. Finally, ValuEngine upgraded Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.32.

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About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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