Mary Beth Denooyer Sells 12,000 Shares of Keurig Dr Pepper (NASDAQ:KDP) Stock

Keurig Dr Pepper, Inc (NASDAQ:KDP) insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total value of $390,600.00. Following the transaction, the insider directly owned 84,171 shares in the company, valued at approximately $2,739,766.05. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Keurig Dr Pepper Price Performance

Shares of KDP traded down $0.62 during mid-day trading on Thursday, reaching $31.46. The stock had a trading volume of 10,454,317 shares, compared to its average volume of 11,850,317. The business has a fifty day moving average of $31.24 and a 200 day moving average of $29.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The firm has a market cap of $42.81 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 1.53 and a beta of 0.40. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company’s revenue was up 75.6% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Equities analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KDP shares. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, August 13th. Barclays boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Morgan Stanley began coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 target price on the stock. Finally, UBS Group increased their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.94.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently bought and sold shares of KDP. Meeder Asset Management Inc. grew its stake in Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 759 shares during the last quarter. Community Bank N.A. acquired a new position in Keurig Dr Pepper in the 2nd quarter worth approximately $29,000. Rossby Financial LCC increased its stake in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares during the period. GW&K Investment Management LLC raised its stake in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after buying an additional 451 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after acquiring an additional 1,023 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.