Keurig Dr Pepper (NASDAQ:KDP) Sees Unusually-High Trading Volume

Keurig Dr Pepper Inc. (NASDAQ:KDP) saw strong trading volume on Wednesday . 2,196,167 shares traded hands during trading, a decline of 75% from the previous session’s volume of 8,657,091 shares.The stock last traded at $37.65 and had previously closed at $37.50.

Analyst Ratings Changes

A number of brokerages recently commented on KDP. Wells Fargo & Company lifted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Barclays lowered their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their target price for the company from $27.00 to $34.00 in a report on Monday, June 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.50.

Keurig Dr Pepper Stock Up 0.0 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market cap of $50.85 billion, a PE ratio of 24.19, a P/E/G ratio of 2.79 and a beta of 0.62. The business’s 50 day moving average is $35.06 and its 200-day moving average is $33.32.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Keurig Dr Pepper by 617.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after buying an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after buying an additional 301 shares during the period. Hantz Financial Services Inc. purchased a new position in Keurig Dr Pepper in the second quarter valued at about $35,000. Finally, Riverview Trust Co acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.