Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives $36.27 Consensus Target Price from Brokerages

Keurig Dr Pepper Inc. (NASDAQ:KDP) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.45.

Several research firms recently issued reports on KDP. Wedbush reduced their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Royal Bank of Canada decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Morgan Stanley lowered their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. HSBC started coverage on Keurig Dr Pepper in a research note on Friday, December 22nd. They set a “hold” rating and a $37.00 price target for the company. Finally, Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th.

Keurig Dr Pepper Price Performance

KDP stock opened at $30.44 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The company’s 50-day moving average is $30.26 and its 200-day moving average is $31.00. The stock has a market capitalization of $42.24 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts expect that Keurig Dr Pepper will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.83%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert James Gamgort bought 171,821 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the purchase, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 in the last 90 days. Insiders own 0.81% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

A number of large investors have recently bought and sold shares of KDP. Moneta Group Investment Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 99,740.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after buying an additional 324,589,570 shares in the last quarter. Capital World Investors raised its holdings in Keurig Dr Pepper by 14.6% during the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after acquiring an additional 13,738,345 shares during the period. Norges Bank purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $317,979,000. FMR LLC boosted its holdings in shares of Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after acquiring an additional 6,926,582 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 7.2% in the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after purchasing an additional 5,490,242 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

About Keurig Dr Pepper

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.