Insider Selling: Keurig Dr Pepper Inc. (NASDAQ:KDP) Insider Sells 31,227 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) insider Roger Frederick Johnson sold 31,227 shares of the business's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Keurig Dr Pepper Stock Performance

NASDAQ KDP remained flat at $33.70 on Tuesday. 6,024,900 shares of the company's stock were exchanged, compared to its average volume of 10,497,550. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65. The firm has a market cap of $45.68 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.56 and a beta of 0.66. The firm's 50 day moving average price is $30.46 and its 200-day moving average price is $31.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.41 billion. During the same quarter last year, the business earned $0.34 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper's payout ratio is 55.48%.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently modified their holdings of KDP. OFI Invest Asset Management bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $34,000. Mather Group LLC. bought a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $45,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $50,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KDP. Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 27th. Morgan Stanley lowered their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a report on Monday, February 26th. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Monday. Royal Bank of Canada lowered their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a report on Friday, February 23rd. Finally, Wedbush lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.64.

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.

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