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

Keurig Dr Pepper, Inc (NASDAQ:KDPGet Free Report) insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the completion of the transaction, the insider directly owned 84,171 shares of the company’s stock, valued at approximately $2,739,766.05. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $31.46 on Friday. The firm’s 50 day moving average is $31.20 and its 200-day moving average is $29.68. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $33.82. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $42.81 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 1.51 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KDP. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Citigroup raised their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $34.94.

View Our Latest Stock Report on KDP

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the period. Empowered Funds LLC raised its position in shares of Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after acquiring an additional 49,741 shares during the period. Woodline Partners LP raised its position in shares of Keurig Dr Pepper by 49.2% in the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC bought a new position in Keurig Dr Pepper during the 2nd quarter worth approximately $328,000. Finally, Jump Financial LLC boosted its stake in Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after acquiring an additional 54,571 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

About Keurig Dr Pepper

(Get Free Report)

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.

Further Reading

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