Keurig Dr Pepper Inc. (NASDAQ:KDP) CFO Sudhanshu Shekhar Priyadarshi Buys 13,525 Shares

Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) CFO Sudhanshu Shekhar Priyadarshi acquired 13,525 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $34.46 per share, for a total transaction of $466,071.50. Following the completion of the purchase, the chief financial officer now owns 93,525 shares of the company’s stock, valued at $3,222,871.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sudhanshu Shekhar Priyadarshi also recently made the following trade(s):

• On Monday, March 13th, Sudhanshu Shekhar Priyadarshi bought 1,475 shares of Keurig Dr Pepper stock. The stock was acquired at an average price of $34.42 per share, with a total value of $50,769.50.
• On Monday, February 27th, Sudhanshu Shekhar Priyadarshi bought 20,000 shares of Keurig Dr Pepper stock. The stock was acquired at an average price of $35.59 per share, with a total value of $711,800.00.
• On Wednesday, January 18th, Sudhanshu Shekhar Priyadarshi bought 10,000 shares of Keurig Dr Pepper stock. The stock was acquired at an average price of $35.00 per share, with a total value of $350,000.00.

Keurig Dr Pepper Trading Up 1.1 %

Shares of Keurig Dr Pepper stock opened at $34.63 on Wednesday. The stock has a fifty day simple moving average of $35.19 and a 200 day simple moving average of $36.65. Keurig Dr Pepper Inc. has a 12-month low of $33.35 and a 12-month high of $41.31. The company has a market capitalization of $48.71 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 2.88 and a beta of 0.57. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Keurig Dr Pepper had a return on equity of 9.48% and a net margin of 10.22%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company posted $0.45 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.78 earnings per share 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 14th. Shareholders of record on Friday, March 31st will be given a $0.20 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.80 annualized dividend and a yield of 2.31%. Keurig Dr Pepper’s dividend payout ratio is currently 79.21%.

Analyst Ratings Changes

KDP has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, December 6th. Barclays decreased their price objective on Keurig Dr Pepper from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, February 27th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, January 26th. Wells Fargo & Company decreased their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 3rd. Finally, Citigroup began coverage on Keurig Dr Pepper in a report on Thursday, February 16th. They set a “neutral” rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Peak Financial Advisors LLC lifted its position in shares of Keurig Dr Pepper by 1.0% during the 3rd quarter. Peak Financial Advisors LLC now owns 28,286 shares of the company’s stock valued at $1,013,000 after buying an additional 284 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in Keurig Dr Pepper by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 66,800 shares of the company’s stock worth $2,382,000 after purchasing an additional 292 shares in the last quarter. Unison Advisors LLC lifted its holdings in Keurig Dr Pepper by 0.5% during the 3rd quarter. Unison Advisors LLC now owns 57,190 shares of the company’s stock worth $2,060,000 after purchasing an additional 293 shares in the last quarter. Veritable L.P. lifted its holdings in Keurig Dr Pepper by 0.3% during the 3rd quarter. Veritable L.P. now owns 116,911 shares of the company’s stock worth $4,188,000 after purchasing an additional 350 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Keurig Dr Pepper by 32.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,481 shares of the company’s stock worth $53,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

About Keurig Dr Pepper

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.