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

Key Points

• Robert James Gamgort, a director at Keurig Dr Pepper, sold 208,000 shares of the company's stock for about $6.84 million, resulting in an 8.32% decrease in his ownership.
• Keurig Dr Pepper recently reported a quarterly revenue of $4.16 billion, with earnings per share of $0.49, meeting analysts' expectations.
• The firm announced a quarterly dividend of $0.23 per share, with an annualized yield of 2.8%, reflecting a payout ratio of 82.14%.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, July 29th, Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $33.18, for a total value of $6,901,440.00.
• 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 value of $6,884,800.00.

Keurig Dr Pepper Trading Up 0.1%

Shares of Keurig Dr Pepper stock traded up $0.04 during mid-day trading on Tuesday, hitting $33.32. The stock had a trading volume of 9,630,906 shares, compared to its average volume of 12,252,485. The firm has a 50-day moving average of $33.27 and a two-hundred day moving average of $33.38. The firm has a market cap of $45.26 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.43 and a beta of 0.45. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28.

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

Keurig Dr Pepper Announces Dividend

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

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KDP. Townsquare Capital LLC raised its position in Keurig Dr Pepper by 2.1% in the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after purchasing an additional 327 shares in the last quarter. Private Trust Co. NA raised its position in Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company's stock valued at $54,000 after purchasing an additional 339 shares in the last quarter. Commerce Bank raised its position in Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company's stock valued at $736,000 after purchasing an additional 340 shares in the last quarter. First American Bank raised its position in Keurig Dr Pepper by 0.6% in the 1st quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after purchasing an additional 344 shares in the last quarter. Finally, Allworth Financial LP raised its position in Keurig Dr Pepper by 3.8% in the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company's stock valued at $353,000 after purchasing an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of several research analyst reports. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Barclays reaffirmed an "overweight" rating and issued a $39.00 price target (up from $37.00) on shares of Keurig Dr Pepper in a research note on Monday, July 28th. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.77.

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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