Keurig Dr Pepper Inc (NYSE:KDP) insider James R. Trebilcock purchased 29,734 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was acquired at an average cost of $22.76 per share, with a total value of $676,745.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE KDP traded up $0.03 during mid-day trading on Thursday, hitting $22.95. 10,865 shares of the stock were exchanged, compared to its average volume of 2,150,541. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 1.31 and a beta of 0.72. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. Keurig Dr Pepper Inc has a twelve month low of $20.46 and a twelve month high of $126.65.
Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $1.01. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.85 billion. Keurig Dr Pepper had a net margin of 15.98% and a return on equity of 39.52%. The business’s revenue was up 5.0% on a year-over-year basis. analysts forecast that Keurig Dr Pepper Inc will post 1.05 earnings per share for the current year.
Several research analysts recently issued reports on KDP shares. Stifel Nicolaus started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, July 11th. They issued a “hold” rating and a $20.00 price target for the company. ValuEngine lowered shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Bank of America set a $30.00 price target on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a research report on Monday, July 16th. Goldman Sachs Group initiated coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 18th. They set a “neutral” rating and a $26.00 price objective for the company. Finally, Susquehanna Bancshares initiated coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 25th. They set a “positive” rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Keurig Dr Pepper currently has an average rating of “Hold” and a consensus target price of $26.17.
Several hedge funds and other institutional investors have recently bought and sold shares of KDP. Public Employees Retirement System of Ohio acquired a new stake in shares of Keurig Dr Pepper during the second quarter worth approximately $8,695,000. Marshall Wace LLP acquired a new stake in shares of Keurig Dr Pepper during the second quarter worth approximately $3,746,000. TradeLink Capital LLC acquired a new stake in shares of Keurig Dr Pepper during the second quarter worth approximately $2,806,000. Twin Tree Management LP acquired a new stake in shares of Keurig Dr Pepper during the second quarter worth approximately $2,442,000. Finally, KCM Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the second quarter worth approximately $677,000. 11.55% of the stock is owned by institutional investors.
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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