Keurig Dr Pepper Inc. (NASDAQ:KDP) Insider Sells $1,056,097.14 in Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Keurig Dr Pepper Price Performance

KDP remained flat at $33.70 during trading on Tuesday. The company’s stock had a trading volume of 6,024,900 shares, compared to its average volume of 10,497,550. The company’s fifty day simple moving average is $30.46 and its two-hundred day simple moving average is $31.14. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $34.65. The company has a market cap of $45.68 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.56 and a beta of 0.66. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share 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 company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the business posted $0.34 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KDP. Barclays lifted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley cut their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. TD Cowen raised their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Wedbush cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Achmea Investment Management B.V. boosted its stake in shares of Keurig Dr Pepper by 0.8% in the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after buying an additional 324 shares in the last quarter. Morningstar Investment Management LLC boosted its stake in shares of Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after buying an additional 328 shares in the last quarter. Kentucky Retirement Systems boosted its stake in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after buying an additional 344 shares in the last quarter. Operose Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after buying an additional 373 shares in the last quarter. Finally, Mckinley Capital Management LLC boosted its position in Keurig Dr Pepper by 1.3% during the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock worth $1,129,000 after purchasing an additional 470 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

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.