Keurig Dr Pepper Inc. (NASDAQ:KDP) Director Robert S. Singer Sells 10,000 Shares
Keurig Dr Pepper Inc. (NASDAQ: KDP – Get a rating) Director Robert S. Singer sold 10,000 shares of the company in a trade that took place on Tuesday, June 7. The stock was sold at an average price of $36.47, for a total transaction of $364,700.00. Following the sale, the director now directly owns 30,501 shares of the company, valued at approximately $1,112,371.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this link.
NASDAQ: KDP lost $0.32 during Thursday trading hours, hitting $35.71. 9,569,859 shares were traded, against an average volume of 7,810,675. The company has a market cap of $50.66 billion, a P/E ratio of 21.63, a price/earnings growth ratio of 3 .16 and a beta of 0.64. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt ratio of 0.45. The company’s 50-day moving average is $36.67 and its two-hundred-day moving average is $36.98. Keurig Dr Pepper Inc. has a 12-month low of $32.44 and a 12-month high of $39.35.
Keurig Dr Pepper (NASDAQ:KDP – Get a rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share (EPS) of $0.33 for the quarter, matching the consensus estimate of $0.33. Keurig Dr Pepper had a return on equity of 9.22% and a net margin of 18.71%. The company posted revenue of $3.08 billion for the quarter, versus analyst estimates of $3.01 billion. In the same quarter a year earlier, the company posted earnings per share of $0.34. The company’s revenue for the quarter increased by 6.1% compared to the same quarter last year. On average, equity research analysts expect Keurig Dr Pepper Inc. to post EPS of 1.69 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, July 1 will receive a dividend of $0.1875 per share. This represents an annualized dividend of $0.75 and a dividend yield of 2.10%. The ex-dividend date is Thursday, June 30. Keurig Dr Pepper’s payout ratio is 44.64%.
Several hedge funds have recently bought and sold shares of KDP. New York State Common Retirement Fund increased its stake in Keurig Dr Pepper by 8.5% during the 4th quarter. The New York State Common Retirement Fund now owns 1,826,580 shares of the company worth $67,328,000 after acquiring an additional 142,902 shares in the last quarter. HighTower Advisors LLC increased its position in Keurig Dr Pepper shares by 64.5% during the fourth quarter. HighTower Advisors LLC now owns 43,126 shares of the company worth $1,591,000 after purchasing an additional 16,915 shares last quarter. Foster Victor Wealth Advisors LLC increased its holdings of Keurig Dr Pepper shares 8.3% in Q4. Foster Victor Wealth Advisors LLC now owns 253,959 shares of the company valued at $9,653,000 after purchasing an additional 19,360 shares during the period. Point72 Asset Management LP increased its position in Keurig Dr Pepper shares by 124.9% in Q3. Point72 Asset Management LP now owns 1,920,100 shares of the company valued at $65,591,000 after purchasing an additional 1,066,510 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Keurig Dr Pepper by 180.4% during the 4th quarter. Gotham Asset Management LLC now owns 23,321 shares of the company worth $860,000 after purchasing an additional 15,003 shares during the period. 50.58% of the shares are currently held by institutional investors.
Separately, Truist Financial downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a price target of $40.00 for the company. in a research report on Tuesday, March 22. Three equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $39.67.
About Keurig Dr Pepper (Get a rating)
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 end products related to its coffee systems, K-Cup pods and brewers, as well as specialty coffee.
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