Insider Selling: Keurig Dr Pepper (NASDAQ:KDP) VP Sells $310,650.00 in Stock

Key Points

• Keurig Dr Pepper VP Angela Stephens sold 9,500 shares at an average price of $32.70, generating $310,650. After the sale, she retained 55,786 shares.
• KDP shares recently traded at $32.59, down 0.9%, while remaining near the top of their 52-week range. The company’s latest quarterly results exceeded expectations, with adjusted EPS of $0.57 and revenue of $7.31 billion, up 75.6% year over year.
• Institutional investors own 93.99% of KDP, and analyst sentiment is favorable: the stock has a “Moderate Buy” consensus rating with an average price target of $34.94.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) VP Angela Stephens sold 9,500 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total value of $310,650.00. Following the transaction, the vice president owned 55,786 shares in the company, valued at approximately $1,824,202.20. This represents a 14.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Keurig Dr Pepper Trading Down 0.9%

NASDAQ KDP traded down $0.29 on Friday, reaching $32.59. 5,868,976 shares of the company were exchanged, compared to its average volume of 11,894,798. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The business's fifty day moving average price is $31.31 and its 200 day moving average price is $29.58. The stock has a market capitalization of $44.35 billion, a P/E ratio of 32.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the company earned $0.49 EPS. The company's revenue for the quarter was up 75.6% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KDP. HORAN Wealth LLC boosted its holdings in Keurig Dr Pepper by 7.1% during the 2nd quarter. HORAN Wealth LLC now owns 70,727 shares of the company's stock valued at $2,315,000 after acquiring an additional 4,673 shares during the period. Amundi boosted its holdings in Keurig Dr Pepper by 30.1% in the second quarter. Amundi now owns 7,381,268 shares of the company's stock valued at $241,589,000 after purchasing an additional 1,705,572 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Keurig Dr Pepper by 16.7% during the second quarter. HighTower Advisors LLC now owns 94,848 shares of the company's stock worth $3,104,000 after purchasing an additional 13,571 shares in the last quarter. Groupe la Francaise increased its holdings in shares of Keurig Dr Pepper by 11.3% in the 2nd quarter. Groupe la Francaise now owns 155,583 shares of the company's stock valued at $5,092,000 after acquiring an additional 15,765 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Keurig Dr Pepper by 2,997.3% during the second quarter. California State Teachers Retirement System now owns 68,048,910 shares of the company's stock worth $2,079,099,000 after buying an additional 65,851,849 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on KDP shares. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Zacks Research lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 18th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Thursday, August 13th. Finally, Morgan Stanley assumed coverage on Keurig Dr Pepper in a research note on Thursday, August 20th. They set an "overweight" rating and a $38.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $34.94.

About Keurig Dr Pepper

Keurig Dr Pepper NASDAQ: KDP is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig's single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company's product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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