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

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $38.36.

A number of brokerages recently commented on KDP. Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Barclays lowered their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Royal Bank of Canada raised their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in shares of Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after purchasing an additional 41,466 shares during the period. Peapack Gladstone Financial Corp acquired a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $338,000. Tidal Investments LLC increased its holdings in shares of Keurig Dr Pepper by 26.5% in the third quarter. Tidal Investments LLC now owns 237,887 shares of the company’s stock valued at $8,916,000 after purchasing an additional 49,865 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Keurig Dr Pepper by 441.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company’s stock valued at $3,559,000 after purchasing an additional 77,414 shares during the period. Finally, Arvest Bank Trust Division acquired a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $1,858,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $32.58 on Thursday. The stock has a market cap of $44.19 billion, a PE ratio of 19.75, a P/E/G ratio of 2.54 and a beta of 0.63. 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 twelve month low of $28.61 and a twelve month high of $38.28. The stock has a fifty day simple moving average of $34.92 and a 200-day simple moving average of $34.68.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the business posted $0.48 EPS. Keurig Dr Pepper’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.82%. Keurig Dr Pepper’s payout ratio is 55.76%.

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.