Keurig Dr Pepper Inc. (NASDAQ:KDP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $36.50.

Several analysts have issued reports on KDP shares. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. BNP Paribas assumed 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. Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, UBS Group increased their target price on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th.

Keurig Dr Pepper Trading Down 0.6 %

Keurig Dr Pepper stock opened at $32.63 on Friday. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.00. The firm’s 50 day moving average price is $33.65 and its two-hundred day moving average price is $32.08. The firm has a market cap of $44.23 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 2.55 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Angela A. Stephens sold 25,000 shares of the business’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 value of $840,250.00. Following the completion of the sale, the vice president now directly owns 76,081 shares in the company, valued at approximately $2,557,082.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The disclosure for this sale can be found here. Insiders sold 81,520 shares of company stock valued at $2,750,739 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Several large investors have recently modified their holdings of the company. Blue Trust Inc. lifted its position in Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after acquiring an additional 643 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC bought a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $34,000. Riverview Trust Co bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at approximately $39,000. Finally, GAMMA Investing LLC grew its holdings in Keurig Dr Pepper by 210.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $44,000 after buying an additional 894 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

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.