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 dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the sale, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Keurig Dr Pepper Stock Down 0.6 %

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

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The business 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 business's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

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Keurig Dr Pepper Dividend Announcement

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

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds have recently added to or reduced their stakes in the business. Townsquare Capital LLC boosted its holdings in Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after acquiring an additional 342 shares during the period. Barden Capital Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after acquiring an additional 353 shares during the period. Custom Index Systems LLC boosted its holdings in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after acquiring an additional 357 shares during the period. Finally, First Hawaiian Bank boosted its holdings in shares of Keurig Dr Pepper by 5.2% during the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after acquiring an additional 384 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KDP. UBS Group reissued a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a "neutral" rating and a $35.00 price objective on the stock. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Morgan Stanley lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $38.23.

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.