Keurig Dr Pepper (NASDAQ:KDP) Insider Mary Beth Denooyer Sells 12,000 Shares

Key Points

• Insider sale: Mary Beth Denooyer sold 12,000 Keurig Dr Pepper shares at an average price of $32.55, worth $390,600. She retains 84,171 shares, representing a 12.48% reduction in her ownership.
• Quarterly performance: Keurig Dr Pepper reported quarterly revenue of $7.31 billion and EPS of $0.57, exceeding analyst estimates of $7.23 billion and $0.54, respectively. Revenue increased 75.6% year over year.
• Market outlook: Shares recently traded at $31.46, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $34.94. Institutional investors own approximately 93.99% of the company.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total value of $390,600.00. Following the completion of the transaction, the insider directly owned 84,171 shares in the company, valued at $2,739,766.05. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Keurig Dr Pepper Trading Down 1.9%

Shares of NASDAQ:KDP traded down $0.62 during trading on Thursday, reaching $31.46. 10,454,317 shares of the company traded hands, compared to its average volume of 11,850,317. The firm has a market capitalization of $42.81 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 1.53 and a beta of 0.40. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. 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 is $31.24 and its 200-day moving average is $29.67.

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

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Keurig Dr Pepper during the 2nd quarter valued at approximately $4,697,645,000. California State Teachers Retirement System raised its position in Keurig Dr Pepper by 2,997.3% in the 2nd 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 last quarter. State Street Corp raised its holdings in shares of Keurig Dr Pepper by 1.6% during the third quarter. State Street Corp now owns 64,594,706 shares of the company's stock valued at $1,662,361,000 after purchasing an additional 986,700 shares during the last quarter. Wellington Management Group LLP raised its stake in Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company's stock valued at $1,596,664,000 after buying an additional 15,393,753 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Keurig Dr Pepper by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company's stock valued at $887,021,000 after acquiring an additional 1,187,457 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Analyst Ratings Changes

KDP has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research note on Wednesday, July 8th. UBS Group boosted their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a report on Friday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Finally, The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research report on Thursday, June 25th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.94.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc NASDAQ: KDP is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott's, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.

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