Insider Selling: Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Sells 416,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. The trade was a 11.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Keurig Dr Pepper Stock Performance

KDP stock traded down $0.30 during trading on Wednesday, reaching $33.30. 8,710,325 shares of the company’s stock were exchanged, compared to its average volume of 9,141,428. The firm has a market cap of $45.18 billion, a PE ratio of 20.18, a P/E/G ratio of 2.42 and a beta of 0.61. 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 1-year low of $28.62 and a 1-year high of $38.28. The company’s fifty day moving average price is $31.99 and its 200-day moving average price is $33.89.

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 analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.76%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 87.62%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KDP shares. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. TD Cowen dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Six equities research 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 target price of $38.23.

Hedge Funds Weigh In On Keurig Dr Pepper

Large investors have recently made changes to their positions in the business. Townsquare Capital LLC lifted its stake in Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock valued at $505,000 after purchasing an additional 327 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after acquiring an additional 342 shares during the last quarter. Barden Capital Management Inc. grew its holdings in shares of Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after acquiring an additional 353 shares during the last quarter. Custom Index Systems LLC lifted its holdings in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after purchasing an additional 357 shares during the last quarter. Finally, First Hawaiian Bank boosted its position in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after purchasing an additional 384 shares during the period. Institutional investors own 93.99% of the company’s stock.

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.