Keurig Dr Pepper (NASDAQ:KDP) Shares Gap Down After Insider Selling

Key Points

• Shares of Keurig Dr Pepper (NASDAQ:KDP) gapped down significantly on Monday, opening at $32.45 after closing at $35.13, largely due to insider selling.
• Director Robert James Gamgort sold 7,601 shares at an average price of $35.91, leading to a 0.33% decrease in his position but still maintaining a significant stake valued at approximately $82 million.
• Analysts have mixed sentiments on the stock, with UBS lowering its price target from $42 to $40, while Barclays increased it from $37 to $39, indicating ongoing interest and volatility in KDP's valuation.

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) gapped down before the market opened on Monday following insider selling activity. The stock had previously closed at $35.13, but opened at $32.45. Keurig Dr Pepper shares last traded at $32.49, with a volume of 8,338,452 shares.

Specifically, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the transaction, the director owned 2,284,568 shares of the company's stock, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KDP. UBS Group dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Finally, Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.77.

Keurig Dr Pepper Trading Down 7.2%

The firm has a market cap of $44.28 billion, a P/E ratio of 29.12, a PEG ratio of 2.56 and a beta of 0.45. The company has a 50 day moving average of $33.71 and a 200 day moving average of $33.67. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64.

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

Institutional Investors Weigh In On Keurig Dr Pepper

Large investors have recently made changes to their positions in the company. MML Investors Services LLC boosted its position in Keurig Dr Pepper by 10.8% during the fourth quarter. MML Investors Services LLC now owns 50,367 shares of the company's stock worth $1,618,000 after purchasing an additional 4,928 shares during the period. MGO One Seven LLC boosted its position in Keurig Dr Pepper by 6.2% during the fourth quarter. MGO One Seven LLC now owns 13,172 shares of the company's stock worth $423,000 after purchasing an additional 771 shares during the period. Kovitz Investment Group Partners LLC boosted its position in Keurig Dr Pepper by 6.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 13,087 shares of the company's stock worth $420,000 after purchasing an additional 801 shares during the period. Coldstream Capital Management Inc. boosted its position in Keurig Dr Pepper by 14.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 10,288 shares of the company's stock worth $330,000 after purchasing an additional 1,316 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in Keurig Dr Pepper by 0.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 143,485 shares of the company's stock worth $4,609,000 after purchasing an additional 1,268 shares during the period. Institutional investors 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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