Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Robert James Gamgort Sells 416,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $33.30 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market cap of $45.18 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The firm has a 50-day moving average of $32.01 and a two-hundred day moving average of $33.89. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on KDP shares. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective on the stock. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 target price on Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Institutional Trading of Keurig Dr Pepper

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

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.