Brokerages Set Keurig Dr Pepper Inc. (NASDAQ:KDP) Price Target at $36.64

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $36.64.

A number of research analysts have recently commented on the stock. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. TD Cowen increased their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Morgan Stanley lowered their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Wedbush decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th.

Keurig Dr Pepper Stock Up 0.7 %

Shares of NASDAQ KDP opened at $33.81 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $30.76 and a 200 day moving average price of $31.32. Keurig Dr Pepper has a 52 week low of $27.66 and a 52 week high of $34.65. The stock has a market capitalization of $45.83 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations 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 was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper will post 1.91 EPS for the current fiscal year.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper 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 completion of the transaction, the director now owns 37,643 shares in the company, valued at approximately $1,101,057.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robert S. Singer sold 12,132 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert James Gamgort acquired 171,821 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the purchase, the chief executive officer now owns 3,179,917 shares in the company, valued at $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold 100,085,652 shares of company stock worth $2,892,832,080 over the last quarter. 0.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new position in Keurig Dr Pepper in the 3rd quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $29,000. Bruce G. Allen Investments LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $34,000. Mather Group LLC. acquired a new position in shares of Keurig Dr Pepper in the 1st quarter valued at $45,000. Finally, Ulland Investment Advisors LLC bought a new stake in Keurig Dr Pepper in the fourth quarter valued at $50,000. 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.