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Angela A. Stephens, Senior Vice President and Controller at Keurig Dr Pepper Inc. (NASDAQ:KDP), recently sold 7,350 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was executed at an average price of $34.17 per share, totaling approximately $251,149. The sale occurred as KDP, currently valued at $45.2 billion, trades near its InvestingPro Fair Value, with analysts maintaining a moderate buy consensus and a high price target of $42.
In addition to the sale, Stephens engaged in other transactions on the same day. She acquired 6,605 and 2,776 shares through the conversion of restricted stock units (RSUs) into common stock. These acquisitions were made at no cost as part of a vesting schedule under the company’s Omnibus Stock Incentive Plan of 2019.
Furthermore, Stephens had 3,525 shares withheld to cover tax obligations related to the vesting of RSUs, at a price of $34.13 per share, amounting to a total of $120,308. Following these transactions, Stephens holds 74,587 shares directly.
In other recent news, Keurig Dr Pepper reported its fourth-quarter 2024 earnings, exceeding market expectations with an earnings per share (EPS) of $0.58, compared to the forecast of $0.57, and revenue of $4.07 billion, surpassing the anticipated $4.02 billion. The company achieved a 6.2% growth in net sales in constant currency, reflecting strong operational performance. Additionally, Keurig Dr Pepper announced changes to its board following the sale of 73 million shares by JAB Holding Company, which reduced its stake in the company to approximately 10.7%. This transaction did not result in any proceeds for Keurig Dr Pepper, as the shares were sold by the shareholder JAB BevCo B.V.
Analysts from Jefferies and Citi both increased their price targets for Keurig Dr Pepper to $41, maintaining a Buy rating, citing the company’s robust performance in organic growth and earnings. Jefferies highlighted the company’s strong finish to 2024, while Citi noted the success in Refreshment Beverages and the company’s ability to navigate coffee inflation. Keurig Dr Pepper’s strategic initiatives, including the addition of the GHOST brand, are expected to drive future sales growth.
The company also emphasized its ongoing strategic investments and acquisitions, which are seen as bolstering future growth prospects, particularly in the energy drink market. Despite facing challenges like inflationary pressures in the coffee category, Keurig Dr Pepper continues to project mid-single-digit net sales growth and high-single-digit EPS growth for 2025, supported by its strategic plans and innovation efforts.
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