Maurice Anthony Milikin Acquires 12,979 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) insider Maurice Anthony Milikin purchased 12,979 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was bought at an average price of $38.93 per share, for a total transaction of $505,272.47. Following the completion of the transaction, the insider now directly owns 77,874 shares in the company, valued at $3,031,634.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Maurice Anthony Milikin also recently made the following trade(s):

• On Monday, July 25th, Maurice Anthony Milikin purchased 12,979 shares of Keurig Dr Pepper stock. The stock was bought at an average price of $36.72 per share, for a total transaction of $476,588.88.
• On Monday, July 18th, Maurice Anthony Milikin purchased 12,979 shares of Keurig Dr Pepper stock. The stock was bought at an average price of $36.36 per share, for a total transaction of $471,916.44.
• On Monday, July 11th, Maurice Anthony Milikin purchased 12,979 shares of Keurig Dr Pepper stock. The stock was bought at an average price of $36.17 per share, for a total transaction of $469,450.43.
• On Tuesday, July 5th, Maurice Anthony Milikin purchased 12,979 shares of Keurig Dr Pepper stock. The stock was bought at an average price of $35.96 per share, for a total transaction of $466,724.84.
• On Wednesday, June 29th, Maurice Anthony Milikin acquired 12,979 shares of Keurig Dr Pepper stock. The shares were acquired at an average cost of $35.75 per share, with a total value of $463,999.25.

Keurig Dr Pepper Trading Up 1.4 %

Shares of KDP stock opened at $39.10 on Thursday. Keurig Dr Pepper Inc. has a 12-month low of $32.44 and a 12-month high of $39.42. The company has a market capitalization of $55.37 billion, a P/E ratio of 25.72, a P/E/G ratio of 3.30 and a beta of 0.61. The firm has a 50-day moving average price of $36.02 and a 200 day moving average price of $37.03. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.46.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Keurig Dr Pepper had a net margin of 16.39% and a return on equity of 9.15%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, June 30th. Keurig Dr Pepper’s dividend payout ratio is presently 49.34%.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of KDP. Boston Partners bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $575,364,000. BlackRock Inc. grew its position in shares of Keurig Dr Pepper by 20.5% during the 4th quarter. BlackRock Inc. now owns 40,506,588 shares of the company’s stock worth $1,493,073,000 after buying an additional 6,898,701 shares during the period. Norges Bank acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $196,944,000. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 49,026,596 shares of the company’s stock worth $1,858,108,000 after buying an additional 3,853,922 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Keurig Dr Pepper by 113.4% during the 1st quarter. Bank of America Corp DE now owns 6,622,670 shares of the company’s stock worth $250,999,000 after buying an additional 3,519,353 shares during the period. 50.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KDP. JPMorgan Chase & Co. reduced their price objective on shares of Keurig Dr Pepper from $44.00 to $42.00 in a report on Wednesday, July 20th. UBS Group raised their price objective on shares of Keurig Dr Pepper from $38.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and an average target price of $40.17.

About Keurig Dr Pepper

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Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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