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

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $36.57.

Several research analysts have weighed in on the stock. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their target price for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. Barclays raised their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, UBS Group raised their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at $3,382,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at $3,382,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the sale, the vice president now directly owns 76,081 shares in the company, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,520 shares of company stock valued at $2,750,739. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at $29,000. Bruce G. Allen Investments LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at $34,000. Mather Group LLC. purchased a new position in Keurig Dr Pepper in the 1st quarter valued at $45,000. EverSource Wealth Advisors LLC grew its position in Keurig Dr Pepper by 122.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,367 shares of the company’s stock valued at $46,000 after buying an additional 753 shares during the last quarter. Finally, Ulland Investment Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at $50,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 2.1 %

Shares of KDP stock opened at $33.40 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a market cap of $45.28 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.52 and a beta of 0.61. The company has a 50-day moving average of $33.93 and a two-hundred day moving average of $32.09. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. Keurig Dr Pepper’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a yield of 2.57%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

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.