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 stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at $3,382,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $33.34 on Thursday. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The stock has a market cap of $45.19 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. The firm’s 50-day simple moving average is $30.55 and its 200 day simple moving average is $31.19.

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

Keurig Dr Pepper Dividend Announcement

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

Hedge Funds Weigh In On Keurig Dr Pepper

Several hedge funds have recently modified their holdings of the company. Mckinley Capital Management LLC lifted its position in shares of Keurig Dr Pepper by 1.6% during the 1st quarter. Mckinley Capital Management LLC now owns 37,112 shares of the company’s stock worth $1,138,000 after buying an additional 595 shares in the last quarter. Fortem Financial Group LLC lifted its position in shares of Keurig Dr Pepper by 9.4% during the 1st quarter. Fortem Financial Group LLC now owns 14,894 shares of the company’s stock worth $457,000 after buying an additional 1,282 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Keurig Dr Pepper by 10.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 85,567 shares of the company’s stock worth $2,624,000 after buying an additional 8,192 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Keurig Dr Pepper by 50.1% during the 1st quarter. BNP Paribas Financial Markets now owns 2,683,734 shares of the company’s stock worth $82,310,000 after buying an additional 895,605 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Keurig Dr Pepper by 27.9% during the 1st quarter. Retirement Systems of Alabama now owns 4,236,589 shares of the company’s stock worth $129,936,000 after purchasing an additional 924,896 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.