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

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $37.93.

A number of research analysts have weighed in on the stock. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays dropped their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, Royal Bank of Canada upped their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CX Institutional grew its holdings in shares of Keurig Dr Pepper by 3.6% in the third quarter. CX Institutional now owns 8,129 shares of the company’s stock valued at $305,000 after purchasing an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Keurig Dr Pepper by 3.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after purchasing an additional 300 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Keurig Dr Pepper by 21.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after buying an additional 314 shares during the period. First Hawaiian Bank increased its holdings in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after buying an additional 384 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock valued at $532,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.4 %

Shares of KDP stock opened at $31.12 on Friday. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a market cap of $42.21 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.57 and a beta of 0.62. The stock has a 50 day moving average of $32.49 and a 200 day moving average of $34.31. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company earned $0.48 EPS. The business’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, January 3rd. Keurig Dr Pepper’s payout ratio is 55.76%.

About Keurig Dr Pepper

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.