Insider at Keurig Dr Pepper Group (KDP) Makes Significant Sale of Stock Slowing Buy Trend of Last Quarter
10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was a significant sale of shares of Keurig Dr Pepper Group by an insider today, as disclosed in a form 4 document filed with the SEC. One insider -- Herbert Derek Hopkins, Officer -- sold 334,200 shares in the company having a market value of approximately $12,091,357. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 69,800 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 264,400 shares and have averaged 80,800 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Keurig Dr Pepper Group is higher than the 15-company peer group average. Non-Alcoholic Beverages peer group saw 10 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Keurig Dr Pepper Group insiders was also higher. Within the peer group there were 69,800 shares purchased and 137,764 shares sold with company insiders selling 6,796 shares on average.
The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.