Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Average Rating of “Moderate Buy” by Analysts

Keurig Dr Pepper, Inc (NASDAQ:KDP) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $34.8667.

Several research analysts have commented on the company. The Goldman Sachs Group cut their price target on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. UBS Group restated a “buy” rating and set a $35.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $27.76 on Tuesday. Keurig Dr Pepper has a 12 month low of $25.03 and a 12 month high of $36.12. The firm has a market capitalization of $37.71 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.91 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The company’s fifty day moving average price is $27.98 and its 200 day moving average price is $29.02.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Keurig Dr Pepper by 54.1% in the fourth quarter. Farther Finance Advisors LLC now owns 34,587 shares of the company’s stock valued at $969,000 after acquiring an additional 12,137 shares during the period. Assetmark Inc. boosted its stake in shares of Keurig Dr Pepper by 47.1% during the 4th quarter. Assetmark Inc. now owns 79,587 shares of the company’s stock worth $2,229,000 after purchasing an additional 25,470 shares during the last quarter. Tectonic Advisors LLC grew its stake in Keurig Dr Pepper by 22.2% in the 4th quarter. Tectonic Advisors LLC now owns 38,618 shares of the company’s stock worth $1,082,000 after acquiring an additional 7,005 shares during the period. Choreo LLC increased its stake in Keurig Dr Pepper by 6.4% in the fourth quarter. Choreo LLC now owns 22,428 shares of the company’s stock valued at $631,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,635,519 shares of the company’s stock worth $101,831,000 after acquiring an additional 91,532 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.