Insider Selling: Keurig Dr Pepper Inc. (NASDAQ:KDP) Insider Sells 12,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares of the company’s stock, valued at $5,960,482.29. This represents a 6.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 transaction of $408,600.00.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded up $0.12 during mid-day trading on Friday, reaching $33.55. The company had a trading volume of 18,003,204 shares, compared to its average volume of 9,137,739. Keurig Dr Pepper Inc. has a 1 year low of $29.53 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market capitalization of $45.52 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.42 and a beta of 0.62. The stock’s 50-day simple moving average is $32.37 and its 200-day simple moving average is $33.70.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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 company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 87.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KDP. Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Keurig Dr Pepper by 36.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after acquiring an additional 14,473,054 shares during the last quarter. FMR LLC boosted its position in Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after acquiring an additional 9,105,164 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Keurig Dr Pepper by 65.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock worth $681,579,000 after acquiring an additional 8,363,192 shares during the last quarter. Finally, Norges Bank acquired a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $197,819,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KDP shares. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Morgan Stanley increased 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. Finally, TD Cowen decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average price target 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.