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

Keurig Dr Pepper, Inc (NASDAQ:KDP) has earned a consensus rating of “Hold” from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $34.8667.

KDP has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Finally, UBS Group restated a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th.

Keurig Dr Pepper Stock Performance

KDP opened at $28.06 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $38.11 billion, a PE ratio of 24.19, a P/E/G ratio of 2.04 and a beta of 0.35. The business has a fifty day simple moving average of $27.76 and a 200-day simple moving average of $29.85. Keurig Dr Pepper has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business posted $0.51 earnings per share. Keurig Dr Pepper’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.23 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KDP. Rise Advisors LLC purchased a new stake in Keurig Dr Pepper during the first quarter worth about $25,000. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $26,000. NewSquare Capital LLC grew its holdings in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 386 shares during the period. AlphaCore Capital LLC purchased a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $26,000. Finally, Root Financial Partners LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.