Angela A. Stephens Sells 7,350 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.19 during trading hours on Friday, reaching $33.34. The stock had a trading volume of 11,650,279 shares, compared to its average volume of 9,157,914. The stock's 50 day moving average is $32.05 and its 200 day moving average is $33.86. The firm has a market capitalization of $45.23 billion, a PE ratio of 20.21, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share 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 firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Remove Ads

Keurig Dr Pepper Announces Dividend

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

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. New Age Alpha Advisors LLC grew its position in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $35,000. Whipplewood Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $37,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of analyst reports. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a "neutral" rating and a $35.00 price target for the company. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. Morgan Stanley increased their target price on 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. JPMorgan Chase & Co. raised their target price 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, UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.