Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $38.23.

KDP has been the subject of a number of analyst reports. TD Cowen reduced their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price for the company. Finally, Morgan Stanley increased their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $25,000. New Age Alpha Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after buying an additional 389 shares during the period. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $37,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $42,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.34 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $32.03 and a two-hundred day simple moving average of $33.89. The stock has a market cap of $45.23 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper has a 52 week low of $28.62 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is presently 87.62%.

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.