Keurig Dr Pepper Inc. (NASDAQ:KDP) Director De Ven Michael G. Van Buys 15,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) Director De Ven Michael G. Van acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Keurig Dr Pepper Stock Up 0.6%

KDP stock opened at $32.77 on Friday. The business has a 50 day moving average of $34.03 and a 200 day moving average of $33.05. The firm has a market cap of $44.51 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. 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 earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, research analysts forecast 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, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 83.64%.

Institutional Trading of Keurig Dr Pepper

A number of institutional investors and hedge funds have recently bought and sold shares of KDP. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $25,000. ST Germain D J Co. Inc. bought a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $27,000. New Age Alpha Advisors LLC boosted its stake in Keurig Dr Pepper by 82.8% during 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 last quarter. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $37,000. Finally, WPG Advisers LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter worth $43,000. 93.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on KDP shares. Morgan Stanley upgraded shares of 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 report on Tuesday, April 1st. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Barclays raised their price objective 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. Finally, UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently 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.