Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) insider Roger Frederick Johnson sold 31,227 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares of the company's stock, valued at $3,382,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Keurig Dr Pepper Stock Performance
Shares of Keurig Dr Pepper stock opened at $33.70 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $30.51 and a two-hundred day moving average price of $31.18. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $34.65. The company has a market cap of $45.68 billion, a P/E ratio of 21.74, a PEG ratio of 2.56 and a beta of 0.66.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.
Keurig Dr Pepper Dividend Announcement
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The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. Keurig Dr Pepper's dividend payout ratio is presently 55.48%.
Analysts Set New Price Targets
A number of brokerages have recently commented on KDP. Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating for the company in a research note on Monday, February 26th. TD Cowen increased their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a "hold" rating in a research note on Friday, April 26th. Royal Bank of Canada dropped their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Jefferies Financial Group dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, March 27th. Finally, Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average target price of $36.64.
Read Our Latest Analysis on Keurig Dr Pepper
Institutional Trading of Keurig Dr Pepper
Several large investors have recently made changes to their positions in KDP. Simplicity Solutions LLC grew its stake in shares of Keurig Dr Pepper by 23.3% in the 3rd quarter. Simplicity Solutions LLC now owns 8,276 shares of the company's stock valued at $261,000 after buying an additional 1,566 shares during the period. Toews Corp ADV acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $767,000. Chevy Chase Trust Holdings LLC grew its stake in shares of Keurig Dr Pepper by 16.7% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 566,143 shares of the company's stock valued at $17,873,000 after buying an additional 80,876 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $474,000. Finally, Xponance Inc. grew its stake in shares of Keurig Dr Pepper by 13.5% in the 3rd quarter. Xponance Inc. now owns 122,535 shares of the company's stock valued at $3,868,000 after buying an additional 14,603 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.
About Keurig Dr Pepper
(
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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.
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