Mary Beth Denooyer Sells 12,000 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total transaction of $417,360.00. Following the sale, the insider now directly owns 166,511 shares of the company’s stock, valued at $5,791,252.58. This represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mary Beth Denooyer also recently made the following trade(s):

• On Thursday, March 20th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were 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 transaction of $408,600.00.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $33.81 on Friday. The firm has a market cap of $45.87 billion, a PE ratio of 20.49, a price-to-earnings-growth 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 firm’s fifty day moving average is $33.05 and its 200-day moving average is $33.48. 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) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.72%. Keurig Dr Pepper’s payout ratio is 87.62%.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after buying an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock valued at $10,400,000 after purchasing an additional 112,819 shares during the period. Franklin Resources Inc. boosted its position in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after purchasing an additional 41,466 shares in the last quarter. Swedbank AB grew its stake in Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after purchasing an additional 13,179 shares during the period. Finally, RWC Asset Management LLP increased its holdings in Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after purchasing an additional 398,916 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on KDP. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price for the company. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Barclays set a $39.00 target price on Keurig Dr Pepper in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $40.00 in a report on Tuesday. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.38.

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.