Keurig Dr Pepper, Inc (KDP) – What Are Researchers Thinking About This Stock?

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.78.

KDP has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Morgan Stanley began coverage on shares of Keurig Dr Pepper in a report on Thursday, August 20th. They set an “overweight” rating and a $38.00 price objective for the company. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $31.00 to $33.00 in a report on Wednesday, July 8th. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $40.00 in a research report on Thursday, August 13th. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 1st.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela Stephens sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president directly owned 55,786 shares of the company’s stock, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aaron Alt acquired 7,862 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the purchase, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Keurig Dr Pepper during the 2nd quarter worth $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $767,105,000. Dimensional Fund Advisors LP raised its holdings in shares of Keurig Dr Pepper by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after purchasing an additional 103,505 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $281,503,000. Finally, Legal & General Group Plc bought a new position in shares of Keurig Dr Pepper during the second quarter valued at about $269,336,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 0.9%

Shares of NASDAQ:KDP opened at $34.99 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper has a 52-week low of $24.88 and a 52-week high of $35.40. The business’s 50 day simple moving average is $32.10 and its two-hundred day simple moving average is $29.84. The firm has a market cap of $47.62 billion, a P/E ratio of 35.34, a PEG ratio of 1.65 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 75.6% on a year-over-year basis. As a group, research analysts forecast that Keurig Dr Pepper will post 2.30 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Monday, September 28th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. Keurig Dr Pepper’s payout ratio is 92.93%.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.