Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Free Report) insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Keurig Dr Pepper Stock Performance
NASDAQ KDP remained flat at $33.70 on Tuesday. 6,024,900 shares of the company’s stock were exchanged, compared to its average volume of 10,497,550. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65. The firm has a market cap of $45.68 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.56 and a beta of 0.66. The firm’s 50 day moving average price is $30.46 and its 200-day moving average price is $31.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.
Keurig Dr Pepper Announces Dividend
Institutional Investors Weigh In On Keurig Dr Pepper
Several institutional investors and hedge funds have recently modified their holdings of KDP. OFI Invest Asset Management bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $34,000. Mather Group LLC. bought a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $45,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $50,000. Institutional investors own 85.23% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on KDP. Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Morgan Stanley lowered their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada lowered their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Wedbush lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.64.
View Our Latest Report on Keurig Dr Pepper
About Keurig Dr Pepper
Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.
Read More
- Five stocks we like better than Keurig Dr Pepper
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- How to Choose Top Rated Stocks
- Hilton Demonstrates Asset Light is Right for Investors
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.