Mary Beth Denooyer Sells 12,000 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $33.64, for a total transaction of $403,680.00. Following the completion of the transaction, the insider now owns 106,511 shares in the company, valued at approximately $3,583,030.04. This represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 3rd, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00.
• On Tuesday, May 6th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $34.11, for a total transaction of $409,320.00.
• On Thursday, April 17th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The stock was 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.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $32.98 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The stock has a market capitalization of $44.79 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 2.61 and a beta of 0.48. The stock has a fifty day moving average of $33.63 and a 200-day moving average of $33.10.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, sell-side analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced 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 of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. Keurig Dr Pepper’s dividend payout ratio is currently 83.64%.

Institutional Trading of Keurig Dr Pepper

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC bought a new position in shares of Keurig Dr Pepper in the 1st quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new position in Keurig Dr Pepper in the 1st quarter worth about $27,000. New Age Alpha Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $37,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research reports. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Finally, Argus started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.00.

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.