Patrick Minogue Sells 17,293 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now directly owns 67,103 shares in the company, valued at approximately $2,253,989.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Keurig Dr Pepper Stock Up 0.7 %

NASDAQ:KDP traded up $0.22 during mid-day trading on Thursday, reaching $33.56. The company’s stock had a trading volume of 6,371,003 shares, compared to its average volume of 10,398,902. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65. The stock has a fifty day moving average of $30.55 and a 200-day moving average of $31.19. The firm has a market capitalization of $45.49 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $0.34 EPS. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.56%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Analysts Set New Price Targets

KDP has been the topic of a number of analyst reports. Barclays upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley decreased their target price 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 decreased their target price 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. Wedbush decreased 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. Finally, Jefferies Financial Group decreased 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.64.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently added to or reduced their stakes in the stock. 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 purchased a new stake in Keurig Dr Pepper during the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter worth about $34,000. Mather Group LLC. purchased a new stake in Keurig Dr Pepper during the first quarter worth about $45,000. Finally, Ulland Investment Advisors LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 85.23% 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.