Keurig Dr Pepper Inc. (NASDAQ:KDP) Director De Ven Michael G. Van Purchases 15,000 Shares

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) Director De Ven Michael G. Van bought 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at $498,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Keurig Dr Pepper Stock Up 0.6%

Shares of KDP stock traded up $0.21 during trading hours on Friday, hitting $32.77. 8,121,059 shares of the company were exchanged, compared to its average volume of 10,732,193. The company has a market capitalization of $44.51 billion, a PE ratio of 19.86, a PEG ratio of 2.42 and a beta of 0.48. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The business has a 50 day moving average of $34.08 and a two-hundred day moving average of $33.04.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly 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. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same period last year, the business earned $0.38 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KDP shares. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, Barclays increased their price objective on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $39.33.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Keurig Dr Pepper by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after buying an additional 242,315 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Keurig Dr Pepper by 53.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after acquiring an additional 112,819 shares during the period. RWC Asset Management LLP grew its position in shares of Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after purchasing an additional 398,916 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $400,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in Keurig Dr Pepper by 185.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 51,611 shares of the company's stock worth $1,658,000 after purchasing an additional 33,554 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

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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