Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $34.11, for a total value of $409,320.00. Following the sale, the insider now owns 142,511 shares of the company's stock, valued at approximately $4,861,050.21. This trade represents a 7.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Mary Beth Denooyer also recently made the following trade(s):
- On Thursday, April 17th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $35.59, for a total value of $427,080.00.
- On Tuesday, April 1st, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $34.78, for a total value of $417,360.00.
- On Thursday, March 20th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00.
- On Tuesday, March 4th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00.
Keurig Dr Pepper Stock Performance
Shares of KDP stock opened at $34.13 on Friday. The stock has a fifty day moving average price of $34.21 and a 200 day moving average price of $33.08. The stock has a market cap of $46.35 billion, a PE ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.70%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on KDP. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Barclays lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Finally, UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.33.
Check Out Our Latest Research Report on Keurig Dr Pepper
Hedge Funds Weigh In On Keurig Dr Pepper
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after acquiring an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock valued at $10,400,000 after purchasing an additional 112,819 shares during the period. Franklin Resources Inc. boosted its position in shares of Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after buying an additional 41,466 shares during the period. Swedbank AB raised its holdings in shares of Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company's stock valued at $23,994,000 after buying an additional 13,179 shares during the period. Finally, RWC Asset Management LLP lifted its position in Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after acquiring an additional 398,916 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.
About Keurig Dr Pepper
(
Get Free Report)
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.
Further Reading
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