Keurig Dr Pepper Inc. (NASDAQ:KDP) Director Robert S. Singer Sells 3,500 Shares

Keurig Dr Pepper Inc. (NASDAQ: KDP – Get Rating) director Robert S. Singer sold 3,500 shares of the company in a trade dated Friday, August 5. The shares were sold at an average price of $38.60, for a total transaction of $135,100.00. Following the transaction, the administrator now owns 27,001 shares of the company, valued at $1,042,238.60. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.

Keurig Dr Pepper Stock Performance

KDP shares opened at $38.78 on Tuesday. The company has a debt ratio of 0.46, a quick ratio of 0.37 and a current ratio of 0.56. The company has a market capitalization of $54.92 billion, a P/E ratio of 25.61, a price-to-earnings growth ratio of 3.28 and a beta of 0.61. The company’s 50-day moving average price is $36.16 and its two-hundred-day moving average price is $37.01. Keurig Dr Pepper Inc. has a 52-week low of $32.44 and a 52-week high of $39.42.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last released its quarterly results on Thursday, July 28. The company reported earnings per share of $0.39 for the quarter, hitting the consensus estimate of $0.39. The company posted revenue of $3.55 billion in the quarter, compared to $3.38 billion expected by analysts. Keurig Dr Pepper had a net margin of 16.39% and a return on equity of 9.15%. The company’s quarterly revenue increased 13.1% year over year. During the same period last year, the company achieved EPS of $0.38. On average, analysts expect Keurig Dr Pepper Inc. to post earnings per share of 1.69 for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, July 1 received a dividend of $0.1875 per share. The ex-dividend date was Thursday, June 30. This represents an annualized dividend of $0.75 and a dividend yield of 1.93%. Keurig Dr Pepper’s dividend payout ratio is currently 49.34%.

Hedge funds weigh in on Keurig Dr Pepper

Hedge funds have recently changed their positions in the business. Curi Wealth Management LLC bought a new position in Keurig Dr Pepper stock during Q4 for a value of approximately $25,000. Covestor Ltd bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth $26,000. Tcwp LLC bought a new position in Keurig Dr Pepper stock in the first quarter worth $29,000. Riverview Trust Co bought a new position in Keurig Dr Pepper stock in the first quarter worth $30,000. Finally, Quent Capital LLC bought a new position in Keurig Dr Pepper stock in the fourth quarter worth $41,000. 50.58% of the shares are held by institutional investors.

A Wall Street analyst gives his opinion

KDP has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut its price target on Keurig Dr Pepper shares from $44.00 to $42.00 in a Wednesday, July 20 research report. UBS Group raised its price target on Keurig Dr Pepper shares from $38.00 to $41.00 and gave the company a “neutral” rating in a Monday, August 1 research report. Three analysts have rated the stock with a hold rating and two have assigned the stock a buy rating. Based on data from, Keurig Dr Pepper has an average 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 end products related to its coffee systems, K-Cup pods and brewers, as well as specialty coffee.

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