Mary Beth Denooyer Sells 12,000 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

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

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 stock was sold at an average price of $34.05, for a total value of $408,600.00.

Keurig Dr Pepper Stock Up 0.4 %

KDP opened at $33.55 on Friday. Keurig Dr Pepper Inc. has a 1-year low of $29.86 and a 1-year high of $38.28. The stock’s fifty day simple moving average is $32.44 and its 200 day simple moving average is $33.65. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a market cap of $45.52 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KDP. Caprock Group LLC increased its position in Keurig Dr Pepper by 4.1% during the 3rd quarter. Caprock Group LLC now owns 22,948 shares of the company’s stock worth $866,000 after buying an additional 897 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Keurig Dr Pepper in the third quarter worth $2,513,000. PNC Financial Services Group Inc. increased its position in shares of Keurig Dr Pepper by 11.1% in the third quarter. PNC Financial Services Group Inc. now owns 158,365 shares of the company’s stock worth $5,936,000 after purchasing an additional 15,779 shares during the period. First Horizon Advisors Inc. increased its position in shares of Keurig Dr Pepper by 18.8% in the third quarter. First Horizon Advisors Inc. now owns 5,868 shares of the company’s stock worth $220,000 after purchasing an additional 928 shares during the period. Finally, Cornerstone Advisors LLC increased its position in shares of Keurig Dr Pepper by 11.2% in the third quarter. Cornerstone Advisors LLC now owns 49,800 shares of the company’s stock worth $1,867,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of recent research reports. TD Cowen reduced their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Morgan Stanley increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price 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.