Insider Selling: Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Sells $14,264,640.00 in Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Keurig Dr Pepper Trading Down 0.6 %

KDP stock opened at $33.34 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $28.62 and a 12-month high of $38.28. The stock has a market cap of $45.23 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.42 and a beta of 0.62. The business’s 50-day moving average is $32.03 and its 200 day moving average is $33.89.

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

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. New Age Alpha Advisors LLC lifted its stake in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. LRI Investments LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $37,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $42,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KDP shares. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Piper Sandler started coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Company Profile

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.