Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Sells $496,480.00 in Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Angela A. Stephens sold 14,500 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the transaction, the vice president now directly owns 62,411 shares in the company, valued at $2,136,952.64. This trade represents a 18.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Keurig Dr Pepper Trading Down 1.8 %

KDP opened at $33.54 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock’s 50 day moving average price is $34.21 and its 200-day moving average price is $33.03. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The stock has a market cap of $45.55 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company posted $0.38 EPS. Keurig Dr Pepper’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 83.64%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a “buy” rating and a $40.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KDP. Townsquare Capital LLC raised its stake in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock valued at $505,000 after acquiring an additional 327 shares in the last quarter. Commerce Bank lifted its holdings in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock worth $736,000 after buying an additional 340 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after buying an additional 342 shares during the period. First American Bank lifted its holdings in shares of Keurig Dr Pepper by 0.6% in the 1st quarter. First American Bank now owns 59,564 shares of the company’s stock worth $2,038,000 after buying an additional 344 shares during the period. Finally, Barden Capital Management Inc. grew its position in shares of Keurig Dr Pepper by 0.9% during the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after buying an additional 353 shares in the last quarter. Institutional investors 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.