Brokerages Set Keurig Dr Pepper Inc. (NASDAQ:KDP) Price Target at $38.23

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

A number of analysts have recently issued reports on KDP shares. Morgan Stanley increased their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares of the company’s stock, valued at $5,960,482.29. This trade represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 84,397,350 shares of company stock valued at $2,756,292,570. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in shares of Keurig Dr Pepper by 6.4% during the fourth quarter. California State Teachers Retirement System now owns 1,998,198 shares of the company’s stock valued at $64,182,000 after purchasing an additional 119,546 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Keurig Dr Pepper by 10.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,532 shares of the company’s stock worth $820,000 after purchasing an additional 2,355 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $11,863,000. Centaurus Financial Inc. acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $102,000. Finally, Siemens Fonds Invest GmbH lifted its holdings in Keurig Dr Pepper by 20.0% in the fourth quarter. Siemens Fonds Invest GmbH now owns 74,974 shares of the company’s stock valued at $2,408,000 after buying an additional 12,475 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.5 %

NASDAQ:KDP opened at $33.74 on Wednesday. The stock has a fifty day simple moving average of $32.72 and a 200 day simple moving average of $33.57. 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 firm has a market capitalization of $45.78 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. Sell-side analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid 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 yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

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.