Angela A. Stephens Sells 7,350 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $33.30 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $45.18 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The business’s 50-day moving average price is $32.01 and its 200-day moving average price is $33.89. Keurig Dr Pepper Inc. has a 12 month low of $28.62 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $0.55 EPS. Keurig Dr Pepper’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KDP shares. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. 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. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $35,000. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $37,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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.