Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives $38.36 Consensus PT from Analysts

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $38.36.

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Citigroup lowered their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company lowered their price objective 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.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $32.85 on Thursday. Keurig Dr Pepper has a 12 month low of $28.61 and a 12 month high of $38.28. The firm has a 50 day moving average of $35.11 and a 200-day moving average of $34.71. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $44.56 billion, a PE ratio of 19.91, a PEG ratio of 2.52 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. On average, equities research analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.23 per share. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after acquiring an additional 685 shares during the period. Blue Trust Inc. boosted its stake in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after buying an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after buying an additional 301 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.