Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Angela A. Stephens Sells 25,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Angela A. Stephens sold 25,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the transaction, the vice president now directly owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.83 on Friday. The business has a 50-day simple moving average of $30.61 and a 200 day simple moving average of $31.21. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.53 and a beta of 0.61.

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

Keurig Dr Pepper Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in Keurig Dr Pepper by 49.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock worth $48,880,000 after purchasing an additional 487,589 shares in the last quarter. DAVENPORT & Co LLC raised its position in Keurig Dr Pepper by 24.3% in the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock valued at $86,820,000 after buying an additional 509,393 shares during the last quarter. Arizona State Retirement System lifted its stake in Keurig Dr Pepper by 14.2% during the 4th quarter. Arizona State Retirement System now owns 294,833 shares of the company’s stock valued at $9,824,000 after acquiring an additional 36,560 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Keurig Dr Pepper by 43.8% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock worth $36,624,000 after acquiring an additional 334,954 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $245,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KDP. Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Wedbush reduced 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. Royal Bank of Canada dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Morgan Stanley dropped their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Finally, Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.64.

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.