Key Points
- VP Angela Stephens sold 10,000 shares on Dec. 12 at an average of $29.52 for $295,200, leaving her with 54,200 shares — a 15.58% reduction in her stake, disclosed in an SEC filing.
- The company declared a quarterly dividend of $0.23 per share (annualized $0.92) payable Jan. 16 with an ex-dividend date of Jan. 2, implying a yield of 3.2% and a payout ratio of 79.31%.
- KDP reported Q3 EPS of $0.54 in line with estimates and revenue of $4.31 billion (up 10.7% year-over-year), while analysts hold a consensus "Hold" rating with an average target of $34.87 as the stock trades near $28.59.
Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) VP Angela Stephens sold 10,000 shares of the firm's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Keurig Dr Pepper Price Performance
Shares of Keurig Dr Pepper stock opened at $28.59 on Wednesday. The stock has a market capitalization of $38.84 billion, a P/E ratio of 24.65, a PEG ratio of 1.88 and a beta of 0.35. The business has a 50 day simple moving average of $27.54 and a two-hundred day simple moving average of $30.05. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.54. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.92 annualized dividend and a yield of 3.2%. Keurig Dr Pepper's dividend payout ratio (DPR) is 79.31%.
Wall Street Analyst Weigh In
KDP has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, October 28th. TD Cowen decreased their target price on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, October 1st. Barclays boosted their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 28th. BNP Paribas cut shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Hold" and an average target price of $34.87.
Check Out Our Latest Research Report on Keurig Dr Pepper
Hedge Funds Weigh In On Keurig Dr Pepper
Institutional investors have recently modified their holdings of the business. Rise Advisors LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter worth about $25,000. Chung Wu Investment Group LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at approximately $26,000. NewSquare Capital LLC lifted its stake in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company's stock worth $26,000 after acquiring an additional 386 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth $26,000. Finally, Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper in the third quarter valued at $26,000. Institutional investors and hedge funds own 93.99% of the company's stock.
About Keurig Dr Pepper
(
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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