Keurig Dr Pepper (NASDAQ:KDP) Upgraded at HSBC

HSBC upgraded shares of Keurig Dr Pepper (NASDAQ:KDP) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat reports. The brokerage currently has $42.00 target price on the stock, up from their prior target price of $36.00.

A number of other research analysts also recently weighed in on KDP. Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. UBS Group boosted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. TD Cowen reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $34.40 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market capitalization of $46.67 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.42 and a beta of 0.54. The stock has a 50-day moving average of $34.13 and a 200 day moving average of $33.18. Keurig Dr Pepper has a one year low of $30.12 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. On average, sell-side analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the transaction, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. The trade was a 7.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,421,350 shares of company stock worth $2,757,137,010. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of large investors have recently made changes to their positions in the business. Mather Group LLC. boosted its holdings in Keurig Dr Pepper by 27.1% in the first quarter. Mather Group LLC. now owns 2,049 shares of the company’s stock worth $70,000 after acquiring an additional 437 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Keurig Dr Pepper by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 739,150 shares of the company’s stock valued at $25,294,000 after purchasing an additional 2,659 shares during the last quarter. Amalgamated Bank raised its position in shares of Keurig Dr Pepper by 6.4% in the 1st quarter. Amalgamated Bank now owns 229,370 shares of the company’s stock valued at $7,849,000 after purchasing an additional 13,727 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Keurig Dr Pepper by 5.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,306,012 shares of the company’s stock worth $113,132,000 after purchasing an additional 167,901 shares in the last quarter. Finally, BSW Wealth Partners grew its position in Keurig Dr Pepper by 26.6% during the 1st quarter. BSW Wealth Partners now owns 9,109 shares of the company’s stock worth $312,000 after purchasing an additional 1,912 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

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.