Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Sells $14,264,640.00 in Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $33.53 on Friday. The stock has a 50-day simple moving average of $32.03 and a 200 day simple moving average of $33.89. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28. The stock has a market capitalization of $45.49 billion, a PE ratio of 20.32, a P/E/G ratio of 2.42 and a beta of 0.62. 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) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.23.

Institutional Trading of Keurig Dr Pepper

Hedge funds have recently bought and sold shares of the stock. Townsquare Capital LLC lifted its stake in shares of Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock valued at $505,000 after buying an additional 327 shares during the period. Perigon Wealth Management LLC raised its holdings in Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after acquiring an additional 342 shares in the last quarter. Barden Capital Management Inc. raised its holdings in Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock valued at $1,280,000 after acquiring an additional 353 shares in the last quarter. Custom Index Systems LLC grew its holdings in shares of Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares in the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after purchasing an additional 384 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

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.