Keurig Dr Pepper’s (KDP) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Keurig Dr Pepper (NASDAQ:KDP) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $42.00 price target on the stock.

A number of other research firms also recently issued reports on KDP. TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. UBS Group raised their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $39.21.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $34.46 on Tuesday. The firm has a market cap of $46.75 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company’s fifty day simple moving average is $34.09 and its two-hundred day simple moving average is $33.24. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. As a group, equities analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 87.62%.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the transaction, the insider now owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares of the company’s stock, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently made changes to their positions in the business. Arvest Bank Trust Division bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at $1,858,000. Wilmington Savings Fund Society FSB grew its holdings in Keurig Dr Pepper by 441.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company’s stock valued at $3,559,000 after purchasing an additional 77,414 shares during the period. Tidal Investments LLC increased its position in Keurig Dr Pepper by 26.5% in the third quarter. Tidal Investments LLC now owns 237,887 shares of the company’s stock worth $8,916,000 after buying an additional 49,865 shares in the last quarter. Peapack Gladstone Financial Corp bought a new position in shares of Keurig Dr Pepper in the third quarter worth about $338,000. Finally, Franklin Resources Inc. lifted its position in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after buying an additional 41,466 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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.