Keurig Dr Pepper (NASDAQ:KDP) Upgraded to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of Keurig Dr Pepper (NASDAQ:KDP) from a hold rating to a strong-buy rating in a research report report published on Friday,Zacks.com reports.

A number of other equities analysts also recently weighed in on KDP. JPMorgan Chase & Co. boosted their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the company from $36.00 to $42.00 in a research report on Friday. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $39.40.

Keurig Dr Pepper Price Performance

KDP opened at $34.40 on Friday. The company’s 50 day simple moving average is $34.13 and its 200-day simple moving average is $33.18. The stock has a market capitalization of $46.67 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper has a one year low of $30.12 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Sell-side analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.67%. Keurig Dr Pepper’s dividend payout ratio is currently 83.64%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the transaction, the insider now owns 154,511 shares of the company’s stock, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. boosted its stake in shares of Keurig Dr Pepper by 27.1% in the 1st quarter. Mather Group LLC. now owns 2,049 shares of the company’s stock worth $70,000 after buying an additional 437 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Keurig Dr Pepper by 0.4% during the 1st quarter. New York State Teachers Retirement System now owns 739,150 shares of the company’s stock worth $25,294,000 after acquiring an additional 2,659 shares in the last quarter. Amalgamated Bank boosted its position in shares of Keurig Dr Pepper by 6.4% during the 1st quarter. Amalgamated Bank now owns 229,370 shares of the company’s stock valued at $7,849,000 after acquiring an additional 13,727 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Keurig Dr Pepper by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,306,012 shares of the company’s stock valued at $113,132,000 after acquiring an additional 167,901 shares during the last quarter. Finally, BSW Wealth Partners increased its stake in Keurig Dr Pepper by 26.6% in the first quarter. BSW Wealth Partners now owns 9,109 shares of the company’s stock worth $312,000 after purchasing an additional 1,912 shares during the period. Hedge funds and other institutional investors 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.