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

Keurig Dr Pepper, Inc (NASDAQ:KDP) VP Angela Stephens sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. This represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded down $0.64 during trading on Tuesday, reaching $28.59. The company had a trading volume of 18,460,920 shares, compared to its average volume of 14,526,101. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week 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. The stock’s fifty day moving average price is $27.54 and its 200 day moving average price is $30.05. The firm has a market capitalization of $38.84 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 1.88 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. Keurig Dr Pepper’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Institutional Trading of Keurig Dr Pepper

Several institutional investors and hedge funds have recently made changes to their positions in KDP. Rise Advisors LLC bought a new position in Keurig Dr Pepper during the first quarter worth about $25,000. Chung Wu Investment Group LLC bought a new stake in Keurig Dr Pepper in the second quarter valued at approximately $26,000. NewSquare Capital LLC raised 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 worth $26,000 after purchasing an additional 386 shares during the period. AlphaCore Capital LLC bought a new position in shares of Keurig Dr Pepper during the second quarter worth $26,000. Finally, Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $26,000. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup decreased their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. HSBC restated a “hold” rating and set a $30.00 target price (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. UBS Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Finally, BNP Paribas Exane cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Ten investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.87.

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.