Keurig Dr Pepper Inc. (NASDAQ:KDP) Insider Sells $395,040.00 in Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00. Following the sale, the insider now directly owns 118,511 shares in the company, valued at approximately $3,901,382.12. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, May 6th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $34.11, for a total transaction of $409,320.00.
• On Thursday, April 17th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00.
• On Tuesday, April 1st, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $34.78, for a total transaction of $417,360.00.
• On Thursday, March 20th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00.

Keurig Dr Pepper Trading Down 0.1%

KDP opened at $32.80 on Thursday. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $44.55 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The company has a fifty day moving average price of $34.11 and a two-hundred day moving average price of $33.04.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 83.64%.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank increased its stake in Keurig Dr Pepper by 229.6% in the first quarter. First Hawaiian Bank now owns 25,673 shares of the company’s stock valued at $879,000 after purchasing an additional 17,884 shares in the last quarter. Invst LLC bought a new stake in Keurig Dr Pepper in the first quarter valued at $1,215,000. Strs Ohio bought a new stake in Keurig Dr Pepper in the first quarter valued at $10,939,000. Jacobi Capital Management LLC increased its stake in Keurig Dr Pepper by 15.5% in the first quarter. Jacobi Capital Management LLC now owns 15,968 shares of the company’s stock valued at $546,000 after purchasing an additional 2,143 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Keurig Dr Pepper in the first quarter valued at $614,000. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KDP. UBS Group boosted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Argus assumed coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a “buy” rating and a $40.00 price target on the stock. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

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.