Keurig Dr Pepper Inc (KDP) Insider Acquires $298,323.00 in Stock

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Keurig Dr Pepper Inc (NYSE:KDP) insider Brian Andrew Loucks bought 13,050 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were acquired at an average price of $22.86 per share, with a total value of $298,323.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE KDP opened at $27.21 on Wednesday. The stock has a market cap of $37.01 billion, a P/E ratio of 5.99, a PEG ratio of 1.54 and a beta of 0.47. Keurig Dr Pepper Inc has a 52-week low of $20.46 and a 52-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.

Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.01. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Keurig Dr Pepper had a net margin of 15.98% and a return on equity of 39.52%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Keurig Dr Pepper Inc will post 1.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 5th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.60 annualized dividend and a yield of 2.21%. Keurig Dr Pepper’s dividend payout ratio is currently 13.22%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Columbia Asset Management purchased a new position in Keurig Dr Pepper during the third quarter worth about $107,000. Ledyard National Bank purchased a new position in Keurig Dr Pepper in the third quarter valued at about $117,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Keurig Dr Pepper in the third quarter valued at about $116,000. KCM Investment Advisors LLC purchased a new position in Keurig Dr Pepper in the second quarter valued at about $677,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Keurig Dr Pepper in the third quarter valued at about $141,000. 11.56% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on KDP shares. Guggenheim started coverage on shares of Keurig Dr Pepper in a research note on Thursday, September 13th. They set a “neutral” rating and a $22.00 target price for the company. Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $25.00 to $22.00 and set a “hold” rating for the company in a report on Monday, August 20th. Macquarie set a $24.00 price target on shares of Keurig Dr Pepper and gave the stock a “hold” rating in a report on Friday, October 12th. ValuEngine cut shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Finally, Zacks Investment Research raised shares of Keurig Dr Pepper from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 18th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Keurig Dr Pepper has an average rating of “Hold” and a consensus target price of $25.38.

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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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Insider Buying and Selling by Quarter for Keurig Dr Pepper (NYSE:KDP)

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