Analysts Set Keurig Dr Pepper, Inc (NASDAQ:KDP) PT at $35.00

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have received a consensus recommendation of “Hold” from the twenty ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.00.

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Citigroup reduced their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. UBS Group lowered their target price on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. BNP Paribas Exane downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, July 17th.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $26.69 on Friday. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.46 and a beta of 0.43. The company has a 50-day moving average of $29.12 and a two-hundred day moving average of $32.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper has a one year low of $25.03 and a one year high of $37.27.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. Keurig Dr Pepper’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. On average, equities research analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper’s payout ratio is presently 82.14%.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares of the company’s stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 435,601 shares of company stock worth $14,421,512. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently added to or reduced their stakes in KDP. Farther Finance Advisors LLC boosted its holdings in Keurig Dr Pepper by 18.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 22,450 shares of the company’s stock valued at $573,000 after purchasing an additional 3,489 shares during the period. OFI Invest Asset Management grew its stake in Keurig Dr Pepper by 2.2% during the third quarter. OFI Invest Asset Management now owns 1,328,240 shares of the company’s stock valued at $33,883,000 after acquiring an additional 28,942 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Keurig Dr Pepper by 15.8% during the third quarter. Exchange Traded Concepts LLC now owns 40,135 shares of the company’s stock valued at $1,024,000 after purchasing an additional 5,462 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Keurig Dr Pepper by 7.4% in the third quarter. Brighton Jones LLC now owns 27,665 shares of the company’s stock worth $706,000 after buying an additional 1,910 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its position in Keurig Dr Pepper by 347.3% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,230 shares of the company’s stock valued at $31,000 after purchasing an additional 955 shares during the period. 93.99% of the stock is owned by institutional investors.

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.