Keurig Dr Pepper, Inc (NASDAQ:KDP – Get Free Report) insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $33.64, for a total value of $403,680.00. Following the transaction, the insider directly owned 94,511 shares in the company, valued at approximately $3,179,350.04. This represents a 11.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Mary Beth Denooyer also recently made the following trade(s):
- On Friday, June 20th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $33.64, for a total value of $403,680.00.
- On Tuesday, June 3rd, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $32.92, for a total transaction of $395,040.00.
- On Tuesday, May 6th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were 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 shares were sold at an average price of $35.59, for a total transaction of $427,080.00.
Keurig Dr Pepper Price Performance
KDP stock opened at $33.44 on Friday. The stock has a 50-day moving average price of $33.40 and a two-hundred day moving average price of $33.10. The stock has a market cap of $45.41 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 2.61 and a beta of 0.47. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28.
Keurig Dr Pepper Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.75%. Keurig Dr Pepper’s dividend payout ratio is 83.64%.
Hedge Funds Weigh In On Keurig Dr Pepper
Large investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $25,000. ST Germain D J Co. Inc. acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $27,000. New Age Alpha Advisors LLC lifted 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 valued at $28,000 after purchasing an additional 389 shares during the last quarter. WPG Advisers LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at about $43,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $42,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have commented on KDP. Argus began coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Barclays lowered their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, June 27th. UBS Group upped their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.92.
Check Out Our Latest Analysis on Keurig Dr Pepper
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.
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