Anthony Shoemaker Acquires 5,297 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) insider Anthony Shoemaker bought 5,297 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $34.82 per share, for a total transaction of $184,441.54. Following the purchase, the insider now owns 62,297 shares of the company’s stock, valued at approximately $2,169,181.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Keurig Dr Pepper Stock Down 0.7 %

Shares of Keurig Dr Pepper stock opened at $34.86 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.47 and a quick ratio of 0.31. Keurig Dr Pepper Inc. has a 1 year low of $33.35 and a 1 year high of $41.31. The firm’s 50-day moving average is $35.14 and its two-hundred day moving average is $36.62. The stock has a market cap of $49.03 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.90 and a beta of 0.57.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Keurig Dr Pepper had a return on equity of 9.48% and a net margin of 10.22%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.78 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, March 30th. Keurig Dr Pepper’s payout ratio is 79.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KDP. Moneta Group Investment Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 99,740.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after buying an additional 324,589,570 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 69,193,943 shares of the company’s stock valued at $2,478,527,000 after buying an additional 4,898,078 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Keurig Dr Pepper by 6.9% in the 3rd quarter. BlackRock Inc. now owns 67,605,675 shares of the company’s stock valued at $2,421,636,000 after buying an additional 4,361,181 shares in the last quarter. FMR LLC boosted its holdings in shares of Keurig Dr Pepper by 22.2% in the 2nd quarter. FMR LLC now owns 42,626,742 shares of the company’s stock valued at $1,508,560,000 after buying an additional 7,736,174 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Keurig Dr Pepper by 12.8% in the 3rd quarter. State Street Corp now owns 35,758,036 shares of the company’s stock valued at $1,287,901,000 after buying an additional 4,050,118 shares in the last quarter. 52.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KDP has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of Keurig Dr Pepper in a research note on Thursday, February 16th. They issued a “neutral” rating and a $37.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. JPMorgan Chase & Co. increased their target price on shares of Keurig Dr Pepper from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Finally, Barclays reduced their price target on shares of Keurig Dr Pepper from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.67.

About Keurig Dr Pepper

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.