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

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have earned an average rating of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $34.8667.

Several equities analysts have commented on KDP shares. UBS Group reiterated a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. JPMorgan Chase & Co. cut their price objective on 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. Wells Fargo & Company raised their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Piper Sandler upped their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $568,361,000. Capital International Investors raised its position in Keurig Dr Pepper by 1,987.4% in the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after purchasing an additional 16,050,437 shares during the last quarter. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 9.8% in the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after purchasing an additional 14,244,768 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after purchasing an additional 9,494,503 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Keurig Dr Pepper by 11.2% in the second quarter. State Street Corp now owns 63,608,006 shares of the company’s stock valued at $2,117,279,000 after buying an additional 6,412,494 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $29.69 on Friday. The stock has a market capitalization of $40.34 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.05 and a beta of 0.34. The business has a 50-day moving average of $28.13 and a two-hundred day moving average of $28.51. Keurig Dr Pepper has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

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.