Keurig Dr Pepper (NASDAQ:KDP) VP Angela Stephens Sells 10,000 Shares of Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) VP Angela Stephens sold 10,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Keurig Dr Pepper Trading Down 2.2%

Shares of NASDAQ KDP opened at $28.59 on Wednesday. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The business has a fifty day moving average price of $27.54 and a 200 day moving average price of $30.05. The stock has a market capitalization of $38.84 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.88 and a beta of 0.35. 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) last released its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, January 2nd. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds have recently modified their holdings of KDP. Rise Advisors LLC acquired a new position in Keurig Dr Pepper in the 1st quarter worth about $25,000. NewSquare Capital LLC grew its holdings in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the period. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $26,000. AlphaCore Capital LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $26,000. Finally, Root Financial Partners LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $26,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KDP. Barclays increased their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. BNP Paribas cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. HSBC reiterated a “hold” rating and issued a $30.00 target price (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. TD Cowen decreased their price target on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Finally, Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and an average price target of $34.87.

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.