Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Consensus Recommendation of “Hold” from Brokerages

Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.56.

Several research firms recently issued reports on KDP. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $40.00 to $41.00 in a research report on Tuesday, April 18th. Barclays dropped their price target on shares of Keurig Dr Pepper from $42.00 to $37.00 in a research note on Friday, April 28th. Citigroup assumed coverage on shares of Keurig Dr Pepper in a research note on Thursday, February 16th. They issued a “neutral” rating and a $37.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Keurig Dr Pepper from $36.00 to $35.00 in a research note on Friday, April 28th. Finally, StockNews.com upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research note on Friday, April 28th.

Insider Activity at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 14,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $32.39, for a total value of $453,460.00. Following the completion of the transaction, the insider now directly owns 40,878 shares of the company’s stock, valued at $1,324,038.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Sudhanshu Shekhar Priyadarshi acquired 20,000 shares of the company’s stock in a transaction on Monday, February 27th. The stock was purchased at an average cost of $35.59 per share, with a total value of $711,800.00. Following the acquisition, the chief financial officer now owns 30,000 shares of the company’s stock, valued at approximately $1,067,700. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew Andrew Archambault sold 14,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $32.39, for a total value of $453,460.00. Following the sale, the insider now directly owns 40,878 shares of the company’s stock, valued at $1,324,038.42. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 75,741 shares of company stock valued at $2,620,896 and sold 30,036,700 shares valued at $1,033,806,382. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors have recently modified their holdings of KDP. Moneta Group Investment Advisors LLC grew its position in shares of Keurig Dr Pepper by 99,740.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after purchasing an additional 324,589,570 shares during the period. Wellington Management Group LLP grew its position in shares of Keurig Dr Pepper by 32.1% in the 1st quarter. Wellington Management Group LLP now owns 39,827,389 shares of the company’s stock valued at $1,405,110,000 after purchasing an additional 9,685,210 shares during the period. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $276,547,000. FMR LLC grew its position in shares of Keurig Dr Pepper by 14.5% in the 1st quarter. FMR LLC now owns 50,195,232 shares of the company’s stock valued at $1,770,888,000 after purchasing an additional 6,338,412 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 69,193,943 shares of the company’s stock valued at $2,478,527,000 after purchasing an additional 4,898,078 shares during the period. 52.29% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 0.1 %

Shares of NASDAQ:KDP opened at $31.83 on Friday. The stock has a market cap of $44.68 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.67 and a beta of 0.57. The firm has a fifty day moving average price of $34.40 and a 200 day moving average price of $35.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.24. Keurig Dr Pepper has a 1-year low of $31.64 and a 1-year high of $41.31.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Keurig Dr Pepper had a net margin of 9.20% and a return on equity of 9.52%. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Keurig Dr Pepper will post 1.78 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, June 29th. Keurig Dr Pepper’s dividend payout ratio is 86.02%.

Keurig Dr Pepper Company Profile

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.