Insider Selling: Keurig Dr Pepper (NASDAQ:KDP) VP Sells $310,650.00 in Stock

Keurig Dr Pepper, Inc (NASDAQ:KDPGet Free Report) VP Angela Stephens sold 9,500 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the transaction, the vice president directly owned 55,786 shares of the company’s stock, valued at $1,824,202.20. This represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.29 during trading on Friday, reaching $32.59. The company’s stock had a trading volume of 5,868,976 shares, compared to its average volume of 11,894,798. The business has a 50 day moving average price of $31.31 and a 200-day moving average price of $29.58. The company has a market capitalization of $44.35 billion, a P/E ratio of 32.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $33.82.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue was up 75.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Analysts Set New Price Targets

KDP has been the subject of a number of research analyst reports. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, August 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Citigroup upped their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Morgan Stanley initiated coverage on Keurig Dr Pepper in a research report on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.94.

Check Out Our Latest Stock Analysis on Keurig Dr Pepper

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 759 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after purchasing an additional 1,023 shares during the last quarter. Rossby Financial LCC lifted its holdings in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares in the last quarter. Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $31,000. Finally, GW&K Investment Management LLC boosted its stake in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

(Get Free Report)

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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