Insider Selling: Keurig Dr Pepper Inc. (NASDAQ:KDP) Insider Sells 12,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the sale, the insider now directly owns 166,511 shares of the company’s stock, valued at $5,791,252.58. The trade was a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mary Beth Denooyer also recently made the following trade(s):

• On Thursday, March 20th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00.
• On Tuesday, March 4th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $33.81 on Friday. The company has a market capitalization of $45.87 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.42 and a beta of 0.54. The business has a fifty day simple moving average of $33.05 and a two-hundred day simple moving average of $33.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Analysts Set New Price Targets

KDP has been the topic of a number of analyst reports. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $40.00 in a report on Tuesday. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.38.

Hedge Funds Weigh In On Keurig Dr Pepper

Several hedge funds have recently made changes to their positions in the stock. New Age Alpha Advisors LLC boosted its stake in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares during the period. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $42,000. Finally, Brooklyn Investment Group boosted its holdings in Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after purchasing an additional 554 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

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.