Barclays Raises Keurig Dr Pepper (NASDAQ:KDP) Price Target to $36.00

Keurig Dr Pepper (NASDAQ:KDPFree Report) had its price objective increased by Barclays from $32.00 to $36.00 in a report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Wedbush lowered 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 report on Monday, February 26th. Royal Bank of Canada lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating on the stock in a report on Friday, February 23rd. Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a buy rating on the stock in a report on Wednesday, March 27th. Morgan Stanley lowered their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an equal weight rating on the stock in a report on Monday, February 26th. Finally, HSBC initiated coverage on shares of Keurig Dr Pepper in a report on Friday, December 22nd. They issued a hold rating and a $37.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of Moderate Buy and an average target price of $36.45.

View Our Latest Stock Analysis on Keurig Dr Pepper

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $30.22 on Friday. The firm has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $31.02. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $35.99. The stock has a market capitalization of $41.93 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.30 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, sell-side analysts expect that Keurig Dr Pepper will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the transaction, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the sale, the insider now directly owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

A number of large investors have recently bought and sold shares of KDP. Achmea Investment Management B.V. grew its stake in shares of Keurig Dr Pepper by 0.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock worth $1,226,000 after acquiring an additional 324 shares in the last quarter. Morningstar Investment Management LLC grew its stake in shares of Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after acquiring an additional 328 shares in the last quarter. Kentucky Retirement Systems grew its stake in shares of Keurig Dr Pepper by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after acquiring an additional 344 shares in the last quarter. Operose Advisors LLC grew its stake in shares of Keurig Dr Pepper by 28.7% during the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after acquiring an additional 373 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Keurig Dr Pepper by 6.0% during the 4th quarter. Vident Advisory LLC now owns 6,991 shares of the company’s stock worth $233,000 after acquiring an additional 397 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

About Keurig Dr Pepper

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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.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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