Division president and director buy shares.
On Wednesday, August 14th, two insiders bought shares at beverage giant Keurig Dr Pepper (KDP). They included Brian Loucks, the President of Keurig Appliances, who picked up over 18,550 shares, paying just over $525,000 to do so.
He was joined by director Robert Singer, who bought 4,000 shares, paying just over $110,000. Corporate insiders have been buyers of the stock in the past year, although a major holder, Maple Holdings, has been a net seller.
- This Leaked Wall Street Calendar Is Tipping of Repeat Gains
Multi-millionaire Florida hedge fund manager has just released a secret Wall Street calendar that he’s been using to land massive gains on the same stocks on the same dates for an entire decade.
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168.09% on SHW… 60.0% on ATVI… 168.97% on SMG… and TEN others just in the last few months… all going up on the same dates, every year, for an entire decade.
Keurig Dr Pepper is an international beverage company with a focus on carbonated soft drinks and coffee, as well as other beverages, with such brands as Sunkist, 7Up, RC Cola, Hawaiian Punch, CanadaDry, and others.
Action to take: Conceptually, a beverage company is a great defensive stock to own during a market downturn or a recession. But with shares trading around 20 times earnings, they’re a bit overvalued, and the company’s 2.1 percent dividend yield has certainly been higher in the past. The company’s relatively high debt load relative to peers is also a reason not to get bullish on this latest insider buy.
We suggest holding off on buying shares until they trade under $25, a modest discount from the current price near $29. While the company has a great basket of brands, they’re a bit pricy right now.