Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Angela A. Stephens Sells 25,000 Shares

Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Angela A. Stephens sold 25,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Keurig Dr Pepper Stock Performance

KDP stock traded up $0.22 during mid-day trading on Thursday, hitting $33.56. The company had a trading volume of 6,371,003 shares, compared to its average volume of 10,398,902. The firm has a market cap of $45.49 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65. The stock’s fifty day moving average price is $30.55 and its two-hundred day moving average price is $31.19.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Royal Bank of Canada reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wedbush reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Barclays boosted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Morgan Stanley cut their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.64.

Institutional Trading of Keurig Dr Pepper

Several hedge funds and other institutional investors have recently modified their holdings of the business. Achmea Investment Management B.V. raised its position in shares of Keurig Dr Pepper by 0.8% in the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after purchasing an additional 324 shares during the period. Morningstar Investment Management LLC raised its position in shares of Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after purchasing an additional 328 shares during the period. Kentucky Retirement Systems raised its position in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after purchasing an additional 344 shares during the period. Operose Advisors LLC raised its position in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the period. Finally, Mckinley Capital Management LLC raised its position in shares of Keurig Dr Pepper by 1.3% in the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after purchasing an additional 470 shares during the period. Institutional investors own 85.23% 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.