Keurig Dr Pepper Inc. (NASDAQ:KDP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $38.36.

Several equities research analysts have weighed in on the stock. TD Cowen increased their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Wells Fargo & Company reduced their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group decreased their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays cut their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, Citigroup lowered their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was 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 of the company’s stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $25,000. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after acquiring an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of 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 acquiring an additional 301 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Keurig Dr Pepper during the second quarter worth $35,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 1.6 %

NASDAQ KDP opened at $32.04 on Thursday. The company has a market capitalization of $43.46 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63. The firm’s fifty day simple moving average is $35.40 and its 200-day simple moving average is $34.73. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 1-year low of $28.61 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $3.89 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. As a group, sell-side analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid 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 yield of 2.87%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 55.76%.

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.