Roger Frederick Johnson Sells 31,227 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Roger Frederick Johnson sold 31,227 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Keurig Dr Pepper Trading Down 1.1 %

Shares of KDP stock opened at $33.34 on Thursday. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $34.65. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $30.55 and its 200 day moving average is $31.19. The stock has a market capitalization of $45.19 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.56 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Research analysts expect that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Morgan Stanley cut their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Royal Bank of Canada cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Wedbush cut their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KDP. OFI Invest Asset Management purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $34,000. Mather Group LLC. bought a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at $45,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.