Robert James Gamgort Sells 208,000 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) Stock

Key Points

• Robert James Gamgort, Director of Keurig Dr Pepper, sold 208,000 shares for approximately $6.9 million, reducing his ownership by 7.68% to 2,500,169 shares.
• Keurig Dr Pepper's stock price declined by 3.5% to $32.65 during recent trading, with a market capitalization of $44.35 billion.
• The company reported earnings of $0.49 per share for the last quarter, matching analysts' expectations, with year-over-year revenue growth of 6.1%.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $33.18, for a total transaction of $6,901,440.00. Following the completion of the transaction, the director owned 2,500,169 shares in the company, valued at $82,955,607.42. This trade represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Robert James Gamgort also recently made the following trade(s):

• On Monday, June 2nd, Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $33.10, for a total transaction of $6,884,800.00.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.27 on Monday, reaching $33.05. The stock had a trading volume of 1,931,078 shares, compared to its average volume of 12,218,739. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a market cap of $44.89 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.43 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The business's 50 day moving average is $33.26 and its two-hundred day moving average is $33.37.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. Keurig Dr Pepper's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. As a group, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL lifted its position in Keurig Dr Pepper by 46.1% during the fourth quarter. Blair William & Co. IL now owns 11,729 shares of the company's stock valued at $377,000 after buying an additional 3,700 shares during the period. New Age Alpha Advisors LLC raised its position in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Keurig Dr Pepper by 87.2% in the 4th quarter. Schroder Investment Management Group now owns 708,669 shares of the company's stock worth $22,649,000 after purchasing an additional 330,153 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Keurig Dr Pepper by 11.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 64,506 shares of the company's stock worth $2,007,000 after purchasing an additional 6,659 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $42,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KDP shares. UBS Group dropped their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Barclays reissued an "overweight" rating and set a $39.00 target price (up from $37.00) on shares of Keurig Dr Pepper in a research report on Monday, July 28th. Finally, Argus assumed coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average price target of $39.77.

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.