Insider Selling: Keurig Dr Pepper (NASDAQ:KDP) VP Sells 10,000 Shares of Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) VP Angela Stephens sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This represents a 15.58% decrease in their ownership of the stock. 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 traded down $0.64 during mid-day trading on Tuesday, hitting $28.59. The stock had a trading volume of 18,460,920 shares, compared to its average volume of 14,526,101. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. The stock has a market cap of $38.84 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.88 and a beta of 0.35. The company’s 50 day simple moving average is $27.54 and its 200 day simple moving average is $30.05.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be paid a $0.23 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Analysts Set New Price Targets

A number of research firms have issued reports on KDP. Citigroup cut their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. HSBC reiterated a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft reduced their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Piper Sandler boosted their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Keurig Dr Pepper during the first quarter worth approximately $24,577,000. HighTower Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 32.6% during the 1st quarter. HighTower Advisors LLC now owns 34,917 shares of the company’s stock worth $1,195,000 after buying an additional 8,587 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Keurig Dr Pepper by 50.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 19,629 shares of the company’s stock worth $672,000 after buying an additional 6,542 shares during the period. Cresset Asset Management LLC increased its stake in shares of Keurig Dr Pepper by 1.4% in the 1st quarter. Cresset Asset Management LLC now owns 71,770 shares of the company’s stock valued at $2,472,000 after acquiring an additional 966 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Keurig Dr Pepper by 8.6% during the 1st quarter. Raymond James Financial Inc. now owns 1,961,160 shares of the company’s stock valued at $67,111,000 after acquiring an additional 155,562 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

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.