19,937 Shares in Keurig Dr Pepper, Inc $KDP Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, HoldingsChannel reports. The institutional investor bought 19,937 shares of the company’s stock, valued at approximately $653,000.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Keurig Dr Pepper in the second quarter worth $12,103,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the second quarter valued at $158,000. Corient Private Wealth LP acquired a new stake in shares of Keurig Dr Pepper during the second quarter valued at $2,952,000. Bank of America Corp DE purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $281,503,000. Finally, Freestone Grove Partners LP purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $122,637,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $31.86 on Tuesday. The stock has a fifty day moving average price of $31.26 and a 200 day moving average price of $29.52. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $33.82. The firm has a market capitalization of $43.36 billion, a P/E ratio of 32.18, a PEG ratio of 1.43 and a beta of 0.40. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 75.6% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KDP has been the subject of several analyst reports. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, UBS Group raised their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $34.94.

Insider Activity

In related news, Director Aaron E. Alt bought 7,862 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.