Figma Shares Indicated To Open $105/$110
Mary Beth DeNooyer, Chief Human Resources Officer at Keurig Dr Pepper Inc. (NASDAQ:KDP), a beverage company with a market capitalization of $45.5 billion and impressive gross profit margins of 56%, recently executed a sale of 12,000 shares of the company’s common stock. The transaction, which took place on March 20, 2025, was completed at a weighted average price of $33.39 per share, resulting in a total value of approximately $400,680. The stock currently trades at $33.55, with analyst price targets ranging from $33.23 to $42.00, and offers a dividend yield of 2.75%.
This sale was carried out under a Rule 10b5-1 trading plan that DeNooyer had adopted on November 1, 2024. Following this transaction, DeNooyer retains ownership of 178,511 shares in the company. The shares were sold in multiple transactions at prices ranging from $33.26 to $33.52. According to InvestingPro, which offers comprehensive analysis and 7 additional key insights about KDP, the stock is currently trading slightly above its Fair Value.
In other recent news, Keurig Dr Pepper reported its Q4 2024 earnings, surpassing market expectations with an earnings per share (EPS) of $0.58, exceeding the forecast of $0.57. The company also posted revenue of $4.07 billion, outperforming the anticipated $4.02 billion. The earnings announcement highlighted strong growth in net sales and operating income, indicating a robust performance in the beverage sector. Additionally, Keurig Dr Pepper completed a significant public secondary offering, where JAB Holding Company sold 73 million shares, reducing its stake to approximately 10.7%. Following this transaction, three board members affiliated with JAB resigned, leading to a reduction in the board’s size from eleven to eight directors.
Analyst firms Jefferies and Citi both increased their price targets for Keurig Dr Pepper to $41, maintaining a Buy rating on the stock. Jefferies noted the company’s strong finish to 2024, with both organic growth and EPS exceeding expectations. Citi highlighted the company’s robust fourth-quarter performance, emphasizing success in Refreshment Beverages and U.S. Coffee. Keurig Dr Pepper’s strategic investments and acquisitions, including the recent addition of the GHOST brand, are expected to drive future sales growth. The company remains committed to its growth algorithm, projecting mid-single-digit net sales growth and high-single-digit EPS growth for 2025, despite challenges such as coffee inflation and foreign exchange headwinds.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.