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

Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $39.67.

Separately, Truist Financial cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Tuesday, March 22nd.

Shares of Keurig Dr Pepper stock opened at $34.93 on Friday. The firm has a 50-day moving average of $36.78 and a 200-day moving average of $36.97. The stock has a market cap of $49.55 billion, a PE ratio of 20.79, a PEG ratio of 3.06 and a beta of 0.64. Keurig Dr Pepper has a 52-week low of $32.44 and a 52-week high of $39.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.54.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Keurig Dr Pepper had a net margin of 18.71% and a return on equity of 9.22%. Keurig Dr Pepper’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities research analysts predict that Keurig Dr Pepper will post 1.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 30th. Keurig Dr Pepper’s payout ratio is 44.64%.

In other news, insider Herbert Derek Hopkins sold 37,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $37.70, for a total value of $1,413,750.00. Following the completion of the transaction, the insider now owns 212,110 shares of the company’s stock, valued at $7,996,547. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony Shoemaker acquired 5,500 shares of the stock in a transaction dated Tuesday, May 17th. The stock was purchased at an average cost of $35.60 per share, with a total value of $195,800.00. Following the purchase, the insider now directly owns 53,500 shares of the company’s stock, valued at $1,904,600. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Keurig Dr Pepper by 1.2% in the first quarter. Capital World Investors now owns 52,691,855 shares of the company’s stock valued at $1,997,021,000 after buying an additional 644,430 shares during the period. Vanguard Group Inc. increased its position in Keurig Dr Pepper by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 49,026,596 shares of the company’s stock valued at $1,858,108,000 after purchasing an additional 3,853,922 shares during the period. BlackRock Inc. increased its position in Keurig Dr Pepper by 20.5% during the 4th quarter. BlackRock Inc. now owns 40,506,588 shares of the company’s stock valued at $1,493,073,000 after purchasing an additional 6,898,701 shares during the period. Boston Partners increased its position in Keurig Dr Pepper by 12.2% during the 1st quarter. Boston Partners now owns 17,502,830 shares of the company’s stock valued at $663,230,000 after purchasing an additional 1,897,334 shares during the period. Finally, State Street Corp increased its position in Keurig Dr Pepper by 1.7% during the 4th quarter. State Street Corp now owns 15,493,091 shares of the company’s stock valued at $571,075,000 after purchasing an additional 260,146 shares during the period. 50.58% of the stock is owned by institutional investors.

About Keurig Dr Pepper (Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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