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 firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the sale, the insider now directly owns 178,511 shares in the company, valued at $5,960,482.29. This trade represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 4th, Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock. The shares were sold at an average price of $34.05, for a total value of $408,600.00.

Keurig Dr Pepper Stock Up 0.4 %

Shares of NASDAQ:KDP opened at $33.55 on Friday. The stock has a market cap of $45.52 billion, a price-to-earnings ratio of 20.33, a PEG 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 12-month low of $29.86 and a 12-month high of $38.28. The business’s 50 day moving average is $32.44 and its 200 day moving average is $33.65.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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 given a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KDP. Caprock Group LLC boosted its position in Keurig Dr Pepper by 4.1% in the third quarter. Caprock Group LLC now owns 22,948 shares of the company’s stock worth $866,000 after purchasing an additional 897 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Keurig Dr Pepper in the third quarter worth $2,513,000. PNC Financial Services Group Inc. boosted its position in Keurig Dr Pepper by 11.1% in the third quarter. PNC Financial Services Group Inc. now owns 158,365 shares of the company’s stock worth $5,936,000 after purchasing an additional 15,779 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Keurig Dr Pepper by 18.8% in the third quarter. First Horizon Advisors Inc. now owns 5,868 shares of the company’s stock worth $220,000 after purchasing an additional 928 shares during the last quarter. Finally, Cornerstone Advisors LLC boosted its position in Keurig Dr Pepper by 11.2% in the third quarter. Cornerstone Advisors LLC now owns 49,800 shares of the company’s stock worth $1,867,000 after purchasing an additional 5,000 shares during 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 a number of recent research reports. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Morgan Stanley lifted their price objective on 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. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

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.