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

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at approximately $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Keurig Dr Pepper Stock Down 0.9 %

NASDAQ:KDP opened at $33.30 on Thursday. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28. The stock’s 50 day moving average price is $32.01 and its two-hundred day moving average price is $33.89.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. Equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.76%. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH lifted its holdings in Keurig Dr Pepper by 20.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 74,974 shares of the company’s stock valued at $2,408,000 after purchasing an additional 12,475 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $26,057,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $297,000. Aurdan Capital Management LLC acquired a new position in Keurig Dr Pepper in the 4th quarter valued at about $2,593,000. Finally, Mackenzie Financial Corp raised its holdings in Keurig Dr Pepper by 12.3% in the 4th quarter. Mackenzie Financial Corp now owns 378,935 shares of the company’s stock valued at $12,171,000 after acquiring an additional 41,560 shares during the period. 93.99% of the stock is currently owned by institutional investors.

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.