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

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.50.

A number of equities analysts have issued reports on KDP shares. Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Citigroup lowered their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $39.00 in a research report on Thursday. Wells Fargo & Company lowered their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, TD Cowen increased their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th.

Keurig Dr Pepper Stock Down 0.8 %

Shares of KDP opened at $33.55 on Monday. Keurig Dr Pepper has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.57 and a beta of 0.61. The stock’s 50-day moving average price is $33.88 and its 200-day moving average price is $34.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results 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 return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts predict 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, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’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 completion of the sale, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after buying an additional 41,466 shares during the period. Peapack Gladstone Financial Corp purchased a new position in shares of Keurig Dr Pepper during the third quarter worth $338,000. Tidal Investments LLC boosted its position in shares of Keurig Dr Pepper by 26.5% during the third quarter. Tidal Investments LLC now owns 237,887 shares of the company’s stock worth $8,916,000 after buying an additional 49,865 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of Keurig Dr Pepper by 441.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company’s stock worth $3,559,000 after buying an additional 77,414 shares during the period. Finally, Arvest Bank Trust Division purchased a new position in shares of Keurig Dr Pepper during the third quarter worth $1,858,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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.