Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives $38.23 Average Target Price from Analysts

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $38.23.

KDP has been the subject of several research analyst reports. TD Cowen reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th.

Keurig Dr Pepper Stock Up 1.8 %

Keurig Dr Pepper stock opened at $34.13 on Friday. 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 $28.62 and a 1-year high of $38.28. The company has a fifty day simple moving average of $31.97 and a 200 day simple moving average of $33.90. The company has a market cap of $46.31 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. Research analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares of the company’s stock, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $26,057,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth $297,000. Aurdan Capital Management LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $2,593,000. Mackenzie Financial Corp boosted its holdings in shares of Keurig Dr Pepper by 12.3% during the 4th quarter. Mackenzie Financial Corp now owns 378,935 shares of the company’s stock valued at $12,171,000 after acquiring an additional 41,560 shares in the last quarter. Finally, Forum Financial Management LP grew its position in Keurig Dr Pepper by 69.3% during the 4th quarter. Forum Financial Management LP now owns 23,409 shares of the company’s stock worth $752,000 after acquiring an additional 9,580 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

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.