Maria A. Sceppaguercio-Gever Sells 8,275 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) insider Maria A. Sceppaguercio-Gever sold 8,275 shares of the stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $37.75, for a total transaction of $312,381.25. Following the transaction, the insider now owns 130,435 shares in the company, valued at approximately $4,923,921.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of KDP stock opened at $37.19 on Wednesday. Keurig Dr Pepper Inc. has a 12 month low of $32.44 and a 12 month high of $39.35. The stock has a market cap of $52.74 billion, a P/E ratio of 22.14, a P/E/G ratio of 3.24 and a beta of 0.63. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $37.64 and a two-hundred day simple moving average of $36.90.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. Keurig Dr Pepper had a net margin of 18.71% and a return on equity of 9.22%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 1st were issued a dividend of $0.1875 per share. The ex-dividend date was Thursday, March 31st. This represents a $0.75 dividend on an annualized basis and a yield of 2.02%. Keurig Dr Pepper’s dividend payout ratio is currently 44.64%.

Separately, Truist Financial downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Tuesday, March 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $39.67.

A number of hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA increased its stake in shares of Keurig Dr Pepper by 2.4% in the fourth quarter. Glenmede Trust Co. NA now owns 11,634 shares of the company’s stock worth $428,000 after purchasing an additional 271 shares in the last quarter. Unison Advisors LLC increased its stake in shares of Keurig Dr Pepper by 0.5% in the first quarter. Unison Advisors LLC now owns 56,622 shares of the company’s stock worth $2,157,000 after purchasing an additional 284 shares in the last quarter. Strategic Investment Advisors MI increased its stake in shares of Keurig Dr Pepper by 1.4% in the fourth quarter. Strategic Investment Advisors MI now owns 21,583 shares of the company’s stock worth $796,000 after purchasing an additional 295 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Keurig Dr Pepper by 1.1% in the fourth quarter. Allianz Asset Management GmbH now owns 30,327 shares of the company’s stock worth $1,118,000 after purchasing an additional 327 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Keurig Dr Pepper by 1.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 35,002 shares of the company’s stock worth $1,290,000 after purchasing an additional 340 shares in the last quarter. 50.58% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Company Profile (Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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