Insider Selling: Keurig Dr Pepper, Inc (NASDAQ:KDP) Insider Sells 12,000 Shares of Stock

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 on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, July 1st, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $33.64, for a total transaction of $403,680.00.
• On Friday, June 20th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $33.64, for a total transaction of $403,680.00.
• On Tuesday, June 3rd, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00.
• On Tuesday, May 6th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $34.11, for a total transaction of $409,320.00.

Keurig Dr Pepper Trading Down 1.0%

KDP stock traded down $0.35 during mid-day trading on Friday, hitting $33.54. 7,623,961 shares of the company were exchanged, compared to its average volume of 10,956,806. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $45.55 billion, a P/E ratio of 30.49, a PEG ratio of 2.56 and a beta of 0.47. The business has a fifty day simple moving average of $33.25 and a 200-day simple moving average of $33.17. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. Keurig Dr Pepper's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KDP. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. UBS Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, Barclays dropped their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $39.62.

Institutional Trading of Keurig Dr Pepper

Several hedge funds have recently made changes to their positions in KDP. PDS Planning Inc lifted its position in shares of Keurig Dr Pepper by 6.9% during the fourth quarter. PDS Planning Inc now owns 6,469 shares of the company's stock worth $208,000 after purchasing an additional 415 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Keurig Dr Pepper by 2.3% during the fourth quarter. Horizon Investments LLC now owns 18,216 shares of the company's stock worth $581,000 after purchasing an additional 411 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $2,839,000. Xponance Inc. raised its holdings in Keurig Dr Pepper by 10.9% in the fourth quarter. Xponance Inc. now owns 163,618 shares of the company's stock valued at $5,255,000 after acquiring an additional 16,058 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in Keurig Dr Pepper by 27.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 79,830 shares of the company's stock valued at $2,526,000 after acquiring an additional 17,364 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Company Profile

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.

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