Insider Selling: Keurig Dr Pepper Inc. (NASDAQ:KDP) Insider Sells 12,000 Shares of Stock

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 shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the sale, the insider now owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. This represents a 7.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 value 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 transaction of $400,680.00.
• On Tuesday, March 4th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $34.05, for a total value of $408,600.00.

Keurig Dr Pepper Trading Down 1.5 %

Keurig Dr Pepper stock traded down $0.53 during mid-day trading on Wednesday, reaching $34.95. 8,859,769 shares of the company traded hands, compared to its average volume of 9,973,931. The firm's 50 day moving average price is $33.96 and its 200 day moving average price is $33.24. 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 current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $47.42 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business posted $0.55 earnings per share. Keurig Dr Pepper's quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is 87.62%.

Institutional Trading of Keurig Dr Pepper

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Investment Advisors MI purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at about $491,000. Berry Wealth Group LP bought a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $247,000. Chevy Chase Trust Holdings LLC raised its holdings in Keurig Dr Pepper by 6.0% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 626,821 shares of the company's stock worth $21,450,000 after acquiring an additional 35,307 shares during the last quarter. LaFleur & Godfrey LLC lifted its position in Keurig Dr Pepper by 44.6% in the 1st quarter. LaFleur & Godfrey LLC now owns 36,290 shares of the company's stock valued at $1,242,000 after acquiring an additional 11,200 shares in the last quarter. Finally, Spirepoint Private Client LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at $206,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KDP shares. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.21.

Keurig Dr Pepper Company Profile

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.