Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Robert James Gamgort Sells 416,000 Shares

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Keurig Dr Pepper Stock Down 0.6 %

Shares of KDP traded down $0.19 during midday trading on Friday, hitting $33.34. The company had a trading volume of 11,650,279 shares, compared to its average volume of 9,157,914. The company's 50-day simple moving average is $32.05 and its 200-day simple moving average is $33.86. 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 firm has a market capitalization of $45.23 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28.

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

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Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KDP. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research report on Thursday, February 27th. TD Cowen dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus price target of $38.23.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper during the third quarter worth approximately $25,000. New Age Alpha Advisors LLC increased its position in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares during the period. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the third quarter worth approximately $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the fourth quarter worth approximately $37,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper during the fourth quarter worth approximately $42,000. Hedge funds and other 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.