Mary Beth Denooyer Sells 12,000 Shares of Keurig Dr Pepper (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 that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the completion of the transaction, the insider owned 84,171 shares of the company’s stock, valued at $2,739,766.05. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $31.39 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $42.72 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.40. The firm’s 50 day simple moving average is $31.17 and its 200 day simple moving average is $29.70.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. As a group, analysts expect that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Keurig Dr Pepper

Large investors have recently added to or reduced their stakes in the company. Auxier Asset Management boosted its holdings in shares of Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares in the last quarter. Rossby Financial LCC lifted its position in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after buying an additional 339 shares during the last quarter. Wealth Watch Advisors INC lifted its position in Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after buying an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in Keurig Dr Pepper by 19.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after buying an additional 420 shares in the last quarter. Finally, BOKF NA boosted its stake in Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley started coverage on Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 target price on the stock. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup boosted their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.94.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.