Keurig Dr Pepper (NASDAQ:KDP) Upgraded by Deutsche Bank Aktiengesellschaft to Buy Rating

Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper (NASDAQ:KDP) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have $39.00 target price on the stock, up from their previous target price of $37.00.

KDP has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada boosted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Citigroup reduced 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 research report on Friday, October 25th. Finally, Barclays reduced their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $33.55 on Thursday. 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 firm has a fifty day moving average price of $33.88 and a 200 day moving average price of $34.60. The company has a market cap of $45.51 billion, a P/E ratio of 20.33, a PEG ratio of 2.57 and a beta of 0.61. Keurig Dr Pepper has a 12 month low of $28.61 and a 12 month high of $38.28.

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. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Sell-side analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KDP. Sequoia Financial Advisors LLC acquired a new position in Keurig Dr Pepper during the second quarter worth about $370,000. Wealth Enhancement Advisory Services LLC grew its position in Keurig Dr Pepper by 10.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,700 shares of the company’s stock worth $524,000 after buying an additional 1,478 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Keurig Dr Pepper by 16.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 87,606 shares of the company’s stock worth $2,926,000 after buying an additional 12,053 shares during the period. Swedbank AB grew its position in Keurig Dr Pepper by 1.7% during the second quarter. Swedbank AB now owns 465,268 shares of the company’s stock worth $15,540,000 after buying an additional 7,689 shares during the period. Finally, Blue Trust Inc. grew its position in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after buying an additional 643 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

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.