Mary Beth Denooyer Sells 12,000 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) 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 (NASDAQ:KDP) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

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.

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.