Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Average Rating of “Moderate Buy” from Analysts

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

KDP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley lifted their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the sale, the insider now directly owns 187,537 shares of the company’s stock, valued at $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,397,350 shares of company stock worth $2,756,292,570. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Hedge funds have recently bought and sold shares of the company. New Age Alpha Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares during the period. LRI Investments LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $42,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper in the third quarter worth $61,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 0.1 %

NASDAQ:KDP opened at $33.83 on Wednesday. Keurig Dr Pepper has a 12-month low of $30.12 and a 12-month 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. The business has a 50 day simple moving average of $32.55 and a 200 day simple moving average of $33.59. The firm has a market capitalization of $45.90 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

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.