Macquarie upgraded shares of Keurig Dr Pepper (NYSE:KDP) from a neutral rating to an outperform rating in a report issued on Tuesday morning, Marketbeat Ratings reports. They currently have $30.00 target price on the stock, up from their prior target price of $24.00.

KDP has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Keurig Dr Pepper from a buy rating to a hold rating in a report on Friday, November 16th. Citigroup lifted their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock a hold rating in a report on Tuesday, November 13th. Gabelli downgraded shares of Keurig Dr Pepper from a buy rating to a hold rating and set a $28.48 price objective for the company. in a report on Thursday, November 8th. ValuEngine raised shares of Keurig Dr Pepper from a sell rating to a hold rating in a report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Keurig Dr Pepper in a report on Friday, November 16th. They set a neutral rating and a $30.00 price objective for the company. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $27.86.

KDP opened at $26.30 on Tuesday. The firm has a market cap of $37.21 billion, a PE ratio of 5.79, a PEG ratio of 1.48 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.40 and a debt-to-equity ratio of 0.65. Keurig Dr Pepper has a one year low of $20.46 and a one year high of $126.65.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.87 billion. Keurig Dr Pepper had a net margin of 13.55% and a return on equity of 15.76%. The business’s revenue for the quarter was up 139.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Sell-side analysts forecast that Keurig Dr Pepper will post 1.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 13.22%.

In other Keurig Dr Pepper news, Director Robert S. Singer purchased 8,500 shares of the stock in a transaction on Thursday, December 6th. The stock was acquired at an average cost of $25.98 per share, with a total value of $220,830.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer purchased 5,000 shares of the stock in a transaction on Friday, November 9th. The stock was acquired at an average cost of $28.35 per share, with a total value of $141,750.00. The disclosure for this purchase can be found here. Insiders acquired 94,968 shares of company stock valued at $2,411,672 over the last three months. 0.58% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Columbia Asset Management bought a new stake in Keurig Dr Pepper in the third quarter worth $107,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Keurig Dr Pepper in the third quarter worth $116,000. Ledyard National Bank bought a new stake in Keurig Dr Pepper in the third quarter worth $117,000. Harvest Fund Management Co. Ltd bought a new position in shares of Keurig Dr Pepper during the third quarter valued at about $141,000. Finally, Ffcm LLC bought a new position in shares of Keurig Dr Pepper during the third quarter valued at about $158,000. 10.92% of the stock is owned by institutional investors and hedge funds.

About Keurig Dr Pepper

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

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