Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives $36.64 Average Price Target from Analysts

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $36.64.

A number of equities analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Wedbush reduced their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Royal Bank of Canada cut their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Barclays boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at approximately $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Roger Frederick Johnson sold 31,227 shares of the business’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 value of $1,056,097.14. Following the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $3,382,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the transaction, 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. Insiders sold 100,085,652 shares of company stock valued at $2,892,832,080 in the last ninety days. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Achmea Investment Management B.V. grew its position in Keurig Dr Pepper by 0.8% during the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after purchasing an additional 324 shares in the last quarter. Morningstar Investment Management LLC raised its holdings in shares of Keurig Dr Pepper by 1.1% during the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after acquiring an additional 328 shares in the last quarter. Kentucky Retirement Systems boosted its position in Keurig Dr Pepper by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after purchasing an additional 344 shares during the last quarter. Operose Advisors LLC boosted its position in Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the last quarter. Finally, Mckinley Capital Management LLC grew its stake in Keurig Dr Pepper by 1.3% in the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after purchasing an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Up 0.7 %

KDP opened at $33.81 on Friday. The business’s fifty day simple moving average is $30.76 and its 200 day simple moving average is $31.32. Keurig Dr Pepper has a 52 week low of $27.66 and a 52 week high of $34.65. The firm has a market cap of $45.83 billion, a P/E ratio of 21.81, a PEG ratio of 2.56 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Keurig Dr Pepper will post 1.91 EPS for the current fiscal year.

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.