Analysts Set Keurig Dr Pepper Inc. (NASDAQ:KDP) PT at $37.50

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have earned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $37.50.

A number of research analysts have issued reports on the company. Barclays decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada lifted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped 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.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KDP. Inceptionr LLC grew its holdings in Keurig Dr Pepper by 11.0% during the fourth quarter. Inceptionr LLC now owns 51,107 shares of the company’s stock valued at $1,642,000 after purchasing an additional 5,056 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $57,995,000. Arizona State Retirement System grew its stake in shares of Keurig Dr Pepper by 5.4% during the 4th quarter. Arizona State Retirement System now owns 327,581 shares of the company’s stock valued at $10,522,000 after acquiring an additional 16,684 shares during the period. Proficio Capital Partners LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $3,820,000. Finally, M&T Bank Corp raised its stake in Keurig Dr Pepper by 0.9% during the 4th quarter. M&T Bank Corp now owns 75,620 shares of the company’s stock worth $2,429,000 after acquiring an additional 677 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Down 0.4 %

Shares of KDP opened at $31.00 on Tuesday. 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 has a 12 month low of $28.61 and a 12 month high of $38.28. The firm’s 50 day moving average is $32.05 and its 200-day moving average is $34.11. The stock has a market capitalization of $42.05 billion, a PE ratio of 18.79, a P/E/G ratio of 2.24 and a beta of 0.61.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.97%. Keurig Dr Pepper’s dividend payout ratio is 55.76%.

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.