Mary Beth Denooyer Sells 12,000 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares in the company, valued at approximately $5,960,482.29. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mary Beth Denooyer also recently made the following trade(s):

• 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 Up 0.4 %

Shares of KDP traded up $0.12 during midday trading on Friday, hitting $33.55. The company had a trading volume of 18,003,204 shares, compared to its average volume of 9,137,739. The company’s 50 day moving average price is $32.37 and its 200 day moving average price is $33.70. The stock has a market cap of $45.52 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52 week low of $29.53 and a 52 week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Analysts Set New Price Targets

KDP has been the topic of a number of research analyst reports. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Morgan Stanley lifted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.23.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently modified their holdings of the business. New Age Alpha Advisors LLC grew its position in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after buying an additional 389 shares during the last quarter. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper during the 4th quarter valued at about $42,000. Finally, Brooklyn Investment Group acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $61,000. Institutional investors own 93.99% of the company’s stock.

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.