Investors Sell Shares of Keurig Dr Pepper (KDP) on Strength (KDP)

Traders sold shares of Keurig Dr Pepper Inc (NYSE:KDP) on strength during trading on Friday. $19.85 million flowed into the stock on the tick-up and $45.47 million flowed out of the stock on the tick-down, for a money net flow of $25.62 million out of the stock. Of all stocks tracked, Keurig Dr Pepper had the 24th highest net out-flow for the day. Keurig Dr Pepper traded up $0.13 for the day and closed at $26.65

Several research firms have recently weighed in on KDP. Bank of America set a $30.00 price objective on Keurig Dr Pepper and gave the company a “buy” rating in a research note on Monday, July 16th. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Monday, August 20th. Stifel Nicolaus began coverage on Keurig Dr Pepper in a research note on Wednesday, July 11th. They issued a “hold” rating and a $20.00 price objective on the stock. Macquarie set a $24.00 price objective on Keurig Dr Pepper and gave the company a “hold” rating in a research note on Friday, October 12th. Finally, ValuEngine upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.38.

The company has a market cap of $34.15 billion, a price-to-earnings ratio of 5.87, a P/E/G ratio of 1.42 and a beta of 0.74. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.93 and a quick ratio of 0.75.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.01. Keurig Dr Pepper had a return on equity of 39.52% and a net margin of 15.98%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.85 billion. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Keurig Dr Pepper Inc will post 1.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 5th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 13.22%.

In other Keurig Dr Pepper news, insider Maria A. Sceppaguercio-Gever purchased 49,638 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average cost of $23.91 per share, for a total transaction of $1,186,844.58. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert S. Singer purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average price of $23.75 per share, for a total transaction of $237,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 185,270 shares of company stock worth $4,338,850. 0.58% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KDP. Whittier Trust Co. of Nevada Inc. bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $116,000. Ledyard National Bank bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $117,000. Harvest Fund Management Co. Ltd bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $141,000. Cerebellum GP LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $188,000. Finally, CIBC Asset Management Inc bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Keurig Dr Pepper Company Profile (NYSE:KDP)

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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