Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $39.77.

A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Argus started coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a “buy” rating and a $40.00 price objective on the stock. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director De Ven Michael G. Van bought 15,000 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were bought at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $498,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company’s stock, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 490,500 shares of company stock worth $16,493,880 over the last three months. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at $25,000. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth about $26,000. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at about $27,000. New Age Alpha Advisors LLC increased its holdings in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper during the fourth quarter worth about $42,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $32.97 on Tuesday. The company has a 50 day simple moving average of $33.25 and a two-hundred day simple moving average of $33.30. The stock has a market cap of $44.78 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 2.55 and a beta of 0.47. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. 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 released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the business earned $0.45 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio is presently 82.14%.

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.