Matthew Andrew Archambault Sells 8,000 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Keurig Dr Pepper Trading Up 0.6 %

Shares of NASDAQ:KDP opened at $34.19 on Friday. The firm has a fifty day moving average of $32.09 and a two-hundred day moving average of $31.70. 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 Inc. has a 12-month low of $27.66 and a 12-month high of $34.65. The firm has a market capitalization of $46.35 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61.

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

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 annualized dividend and a dividend yield of 2.52%. Keurig Dr Pepper’s payout ratio is 55.48%.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares during the period. Price T Rowe Associates Inc. MD raised its position in Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares during the last quarter. Norges Bank acquired a new position in Keurig Dr Pepper in the fourth quarter worth $317,979,000. Vanguard Group Inc. grew its holdings in shares of Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Keurig Dr Pepper by 12.9% during the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after purchasing an additional 6,926,582 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on KDP shares. Wedbush cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. TD Cowen upped their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Barclays boosted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Royal Bank of Canada reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, Morgan Stanley reduced their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price 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.