Angela A. Stephens Sells 14,500 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Angela A. Stephens sold 14,500 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president now directly owns 62,411 shares of the company’s stock, valued at $2,136,952.64. This represents a 18.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.54 on Friday. The stock has a market cap of $45.55 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The company’s fifty day moving average is $34.21 and its 200 day moving average is $33.05. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s payout ratio is 83.64%.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper during the first quarter valued at $27,000. New Age Alpha Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 82.8% in the 4th 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 during the period. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $42,000. Finally, Continuum Advisory LLC increased its holdings in Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock worth $46,000 after purchasing an additional 602 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KDP. Barclays upped their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. Argus started coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price for the company. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

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.