Keurig Dr Pepper Inc. (NASDAQ:KDP) Insider Sells $580,871.87 in Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now directly owns 67,103 shares in the company, valued at approximately $2,253,989.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Keurig Dr Pepper Trading Up 0.8 %

Shares of KDP opened at $33.83 on Friday. The stock has a market capitalization of $45.86 billion, a PE ratio of 21.83, a P/E/G ratio of 2.54 and a beta of 0.61. The company’s fifty day moving average is $30.68 and its 200 day moving average is $31.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the previous year, the firm posted $0.34 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.54%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KDP shares. Royal Bank of Canada dropped their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Barclays lifted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Wedbush lowered their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. TD Cowen boosted their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Finally, Morgan Stanley lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.64.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors raised its stake in shares of Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after acquiring an additional 13,738,345 shares during the period. Vanguard Group Inc. raised its holdings in shares of Keurig Dr Pepper by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock worth $2,766,059,000 after buying an additional 818,426 shares during the period. FMR LLC lifted its stake in shares of Keurig Dr Pepper by 12.9% during the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after acquiring an additional 6,926,582 shares during the last quarter. Capital International Investors boosted its holdings in Keurig Dr Pepper by 1.3% during the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock valued at $1,867,937,000 after acquiring an additional 730,112 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Keurig Dr Pepper by 2.3% during the 3rd quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock valued at $1,340,401,000 after acquiring an additional 953,639 shares during the period. Hedge funds and other institutional investors own 85.23% 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.