Robert S. Singer sells 10,000 shares of Keurig Dr Pepper Inc. (NASDAQ: KDP)
Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) Director Robert S. Singer sold 10,000 shares of Keurig Dr Pepper in a trade on Tuesday, June 7. The shares were sold at an average price of $36.47, for a total value of $364,700.00. Following completion of the transaction, the administrator now directly owns 30,501 shares of the company, valued at $1,112,371.47. The sale was disclosed in a legal filing with the SEC, which is available via this link.
KDP shares were down $0.32 during Thursday trading hours, hitting $35.71. The company’s stock had a trading volume of 9,569,859 shares, compared to its average volume of 7,810,675. Keurig Dr Pepper Inc. has a fifty-two-week low of $32.44 and a high of $39.35 over fifty-two weeks. The company’s 50-day simple moving average is $36.67 and its 200-day simple moving average is $36.98. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt ratio of 0.45. The company has a market capitalization of $50.66 billion, a price-earnings ratio of 21.63, a PEG ratio of 3.16 and a beta of 0.64.
Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last released its quarterly earnings data on Thursday, April 28. The company reported earnings per share of $0.33 for the quarter, matching the consensus estimate of $0.33. The company posted revenue of $3.08 billion for the quarter, versus analyst estimates of $3.01 billion. Keurig Dr Pepper had a return on equity of 9.22% and a net margin of 18.71%. Keurig Dr Pepper’s revenue increased 6.1% from the same quarter last year. During the same period last year, the firm posted earnings per share of $0.34. Sell-side analysts expect Keurig Dr Pepper Inc. to post 1.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Investors 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-date of this dividend is Thursday, June 30. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 44.64%.
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 note from Tuesday, March 22. Three investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $39.67.
Hedge funds have recently increased or reduced their holdings in the stock. Amundi Pioneer Asset Management Inc. increased its stake in Keurig Dr Pepper by 124.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,049 shares of the company worth $1,567,000 after buying 31,025 additional shares last quarter. American Century Companies Inc. increased its stake in Keurig Dr Pepper shares by 27.1% in the third quarter. American Century Companies Inc. now owns 11,515 shares of the company valued at $393,000 after purchasing an additional 2,455 shares during the period. The Manufacturers Life Insurance Company increased its stake in Keurig Dr Pepper by 124.0% in the third quarter. The Manufacturers Life Insurance Company now owns 75,551 shares of the company valued at $2,581,000 after purchasing an additional 41,819 shares in the last quarter. HighTower Advisors LLC increased its position in Keurig Dr Pepper by 3.2% in Q3. HighTower Advisors LLC now owns 26,211 shares of the company worth $897,000 after purchasing an additional 819 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Keurig Dr Pepper during Q3 for approximately $620,000. Institutional investors and hedge funds own 50.58% of the company’s shares.
About Keurig Dr Pepper (Get an assessment)
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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