Patrick Minogue Sells 17,293 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares in the company, valued at approximately $2,253,989.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Keurig Dr Pepper Stock Up 0.8 %

Shares of NASDAQ:KDP opened at $33.83 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $30.61 and a 200 day simple moving average of $31.21. The firm has a market cap of $45.86 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $34.65.

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

Keurig Dr Pepper Announces Dividend

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 $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds have recently added to or reduced their stakes in KDP. Simplicity Solutions LLC boosted its holdings in Keurig Dr Pepper by 23.3% in the third quarter. Simplicity Solutions LLC now owns 8,276 shares of the company’s stock worth $261,000 after purchasing an additional 1,566 shares during the period. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Keurig Dr Pepper by 16.7% during the third quarter. Chevy Chase Trust Holdings LLC now owns 566,143 shares of the company’s stock valued at $17,873,000 after acquiring an additional 80,876 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the third quarter valued at $474,000. Xponance Inc. boosted its holdings in shares of Keurig Dr Pepper by 13.5% during the third quarter. Xponance Inc. now owns 122,535 shares of the company’s stock valued at $3,868,000 after acquiring an additional 14,603 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Keurig Dr Pepper by 9.5% during the third quarter. Pinnacle Associates Ltd. now owns 23,823 shares of the company’s stock valued at $752,000 after acquiring an additional 2,068 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KDP shares. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Morgan Stanley dropped 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. Barclays lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. TD Cowen lifted their price objective on shares of 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, Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.64.

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.