Keurig Dr Pepper (KDP) insiders have bought another $1.2 million in stock since we reported earlier this week that an executive and two directors of the beverages firm recently purchased $1.7 million in shares.
In our prior story, the three buyers were all new to the company. None of them were involved with either Dr Pepper Snapple Group or Keurig Green Mountain prior to their merger in July.
Now a Keurig veteran has joined two of those people in snapping up more shares of Keurig Dr Pepper. Derek Hopkins, who joined Keurig in 2015 and who oversaw the integration of Keurig and Dr Pepper, bought 22,000 shares for $505,000, an average of $22.94 each, on Aug. 28, according to a filing he made with the Securities and Exchange Commission. He now owns 419,456 shares.
That same day, Maria Sceppaguercio, chief corporate affairs officer, bought 21,725 Keurig Dr Pepper shares for $501,100, paying about $23.06 each. She now owns 64,223 shares according to her filing.
Keurig Dr Pepper director Robert Singer bought 10,000 Keurig Dr Pepper shares on Aug. 30 for $231,700, or $23.17 each, according to a filing. Singer was CEO of Italian food company Barilla Holding SpA from 2006 to 2009, and chief financial officer of Gucci Group NV from 1995 to 2004.
Keurig Dr Pepper didn’t respond to a request to make Hopkins, Sceppaguercio and Singer available for comment.
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