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

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $36.62.

KDP has been the topic of a number of recent research reports. Wedbush decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. Barclays lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. UBS Group upped their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, TD Cowen lifted their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 26th.

Keurig Dr Pepper Trading Up 0.5 %

Shares of NASDAQ:KDP opened at $34.38 on Monday. Keurig Dr Pepper has a 12-month low of $27.66 and a 12-month high of $35.00. The company has a market cap of $46.60 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. The stock has a 50 day moving average of $33.60 and a 200 day moving average of $32.03. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. Keurig Dr Pepper’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. As a group, equities research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.50%. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Activity at Keurig Dr Pepper

In other news, insider Roger Frederick Johnson sold 31,227 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $3,382,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,520 shares of company stock worth $2,750,739. 1.00% of the stock is owned by company insiders.

Institutional Trading of Keurig Dr Pepper

Hedge funds have recently bought and sold shares of the business. Capital World Investors grew its holdings in shares of Keurig Dr Pepper by 14.6% during the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares during the period. Vanguard Group Inc. increased its holdings in Keurig Dr Pepper by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares during the last quarter. Capital International Investors raised its position in Keurig Dr Pepper by 1.3% in the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock valued at $1,867,937,000 after purchasing an additional 730,112 shares during the period. Wellington Management Group LLP lifted its stake in Keurig Dr Pepper by 2.3% during the third quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after purchasing an additional 953,639 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after buying an additional 12,259,471 shares in the last quarter. Institutional investors and hedge funds 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.