Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) insider Patrick Minogue sold 17,293 shares of the company's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the sale, the insider now owns 67,103 shares of the company's stock, valued at $2,253,989.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Keurig Dr Pepper Stock Performance
Shares of KDP opened at $33.56 on Friday. 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 stock has a market capitalization of $45.49 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61. The firm's fifty day simple moving average is $30.55 and its two-hundred day simple moving average is $31.19. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.
Keurig Dr Pepper Dividend Announcement
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The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.56%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.48%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 27th. Royal Bank of Canada dropped their price objective on shares of 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. Barclays boosted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday. Wedbush lowered their price target 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. Finally, TD Cowen upped their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a "hold" rating in a report on Friday, April 26th. Five research 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 currently has a consensus rating of "Moderate Buy" and an average price target of $36.64.
Read Our Latest Stock Report on Keurig Dr Pepper
Hedge Funds Weigh In On Keurig Dr Pepper
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital World Investors boosted its position in shares of Keurig Dr Pepper by 14.6% during the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company's stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company's stock valued at $2,766,059,000 after acquiring an additional 818,426 shares in the last quarter. FMR LLC lifted its position in Keurig Dr Pepper by 12.9% in the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company's stock valued at $1,915,731,000 after acquiring an additional 6,926,582 shares in the last quarter. Capital International Investors lifted its position in Keurig Dr Pepper by 1.3% in the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company's stock valued at $1,867,937,000 after acquiring an additional 730,112 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Keurig Dr Pepper by 2.3% in the 3rd quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company's stock valued at $1,340,401,000 after acquiring an additional 953,639 shares in the last quarter. Institutional investors own 85.23% of the company's stock.
Keurig Dr Pepper Company Profile
(
Get Free Report)
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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