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 stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total value of $395,040.00. Following the completion of the transaction, the insider now owns 118,511 shares in the company, valued at $3,901,382.12. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 value of $409,320.00.
• On Thursday, April 17th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $35.59, for a total value of $427,080.00.
• On Tuesday, April 1st, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $34.78, for a total value of $417,360.00.
• On Thursday, March 20th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.21 on Friday, reaching $32.77. The stock had a trading volume of 7,843,069 shares, compared to its average volume of 10,731,085. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market cap of $44.51 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The firm has a fifty day moving average of $34.08 and a two-hundred day moving average of $33.04. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The company's quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Townsquare Capital LLC raised its stake in shares of Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares during the period. Commerce Bank increased its holdings in Keurig Dr Pepper by 1.6% during the first quarter. Commerce Bank now owns 21,513 shares of the company's stock worth $736,000 after buying an additional 340 shares during the last quarter. First American Bank raised its position in Keurig Dr Pepper by 0.6% in the first quarter. First American Bank now owns 59,564 shares of the company's stock worth $2,038,000 after acquiring an additional 344 shares during the period. Barden Capital Management Inc. boosted its stake in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after acquiring an additional 353 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Keurig Dr Pepper by 3.8% in the first quarter. Allworth Financial LP now owns 10,242 shares of the company's stock valued at $353,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on KDP. UBS Group upped their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Four 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. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $39.33.

About Keurig Dr Pepper

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.