Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Consensus Rating of “Moderate Buy” from Analysts

Keurig Dr Pepper Inc. (NASDAQ:KDP) has earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $38.23.

A number of analysts have recently weighed in on the stock. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. TD Cowen decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th.

Keurig Dr Pepper Stock Down 0.9 %

Keurig Dr Pepper stock opened at $33.30 on Friday. The business’s 50-day simple moving average is $32.01 and its two-hundred day simple moving average is $33.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market cap of $45.18 billion, a PE ratio of 20.18, a PEG ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper has a fifty-two week low of $28.62 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 87.62%.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AMF Tjanstepension AB acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $2,557,000. International Assets Investment Management LLC grew its stake in Keurig Dr Pepper by 6,430.6% during the 3rd quarter. International Assets Investment Management LLC now owns 114,351 shares of the company’s stock valued at $4,286,000 after acquiring an additional 112,600 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Keurig Dr Pepper by 47.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,177 shares of the company’s stock valued at $869,000 after acquiring an additional 7,477 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Keurig Dr Pepper by 19.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 106,485 shares of the company’s stock worth $4,016,000 after purchasing an additional 16,997 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of Keurig Dr Pepper by 17.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 43,006 shares of the company’s stock worth $1,612,000 after purchasing an additional 6,253 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.