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

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, 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 price objective among brokerages that have updated their coverage on the stock in the last year is $37.50.

Several research firms have recently commented on KDP. Piper Sandler began coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target on the stock. TD Cowen reduced their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Citigroup dropped their target price on 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. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price objective on 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.

Keurig Dr Pepper Stock Performance

KDP opened at $32.54 on Tuesday. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28. 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 market capitalization of $44.14 billion, a PE ratio of 19.72, a P/E/G ratio of 2.24 and a beta of 0.61. The firm has a 50 day moving average of $32.11 and a two-hundred day moving average of $34.14.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.83%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

A number of hedge funds have recently bought and sold shares of the company. Swedbank AB boosted its holdings in shares of Keurig Dr Pepper by 57.7% in the 3rd quarter. Swedbank AB now owns 733,823 shares of the company’s stock valued at $27,504,000 after purchasing an additional 268,555 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Keurig Dr Pepper by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock valued at $122,038,000 after purchasing an additional 22,657 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after purchasing an additional 41,466 shares during the last quarter. LMR Partners LLP boosted its holdings in shares of Keurig Dr Pepper by 55.5% in the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after purchasing an additional 186,002 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its holdings in shares of Keurig Dr Pepper by 9.4% in the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock valued at $23,539,000 after purchasing an additional 54,167 shares during the last quarter. Institutional investors and hedge funds own 93.99% 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.