Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the sale, the insider now directly owns 154,511 shares of the company's stock, valued at $5,499,046.49. This represents a 7.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Mary Beth Denooyer also recently made the following trade(s):
- 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 value of $400,680.00.
- On Tuesday, March 4th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $34.05, for a total value of $408,600.00.
Keurig Dr Pepper Trading Up 0.9 %
Shares of KDP stock opened at $35.41 on Friday. The firm has a fifty day moving average of $33.82 and a 200-day moving average of $33.28. The stock has a market cap of $48.04 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.
Keurig Dr Pepper Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.60%. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.
Institutional Investors Weigh In On Keurig Dr Pepper
Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth about $48,000. Western Pacific Wealth Management LP raised its stake in shares of Keurig Dr Pepper by 56.3% in the first quarter. Western Pacific Wealth Management LP now owns 6,410 shares of the company's stock valued at $219,000 after acquiring an additional 2,310 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Keurig Dr Pepper by 46.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 120,904 shares of the company's stock worth $4,137,000 after acquiring an additional 38,269 shares in the last quarter. Citadel Investment Advisory Inc. grew its position in Keurig Dr Pepper by 6.6% during the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after acquiring an additional 400 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Keurig Dr Pepper by 3.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 33,930 shares of the company's stock valued at $1,161,000 after purchasing an additional 1,258 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on KDP shares. JPMorgan Chase & Co. increased 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. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $39.21.
Check Out Our Latest Stock Analysis on KDP
About Keurig Dr Pepper
(
Get Free Report)
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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