Keurig Dr Pepper (NASDAQ:KDP) Given New $35.00 Price Target at TD Cowen

Keurig Dr Pepper (NASDAQ:KDP) had its target price increased by TD Cowen from $32.00 to $35.00 in a research note released on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also commented on KDP. Wedbush cut their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an outperform rating on the stock in a research report on Monday, February 26th. Jefferies Financial Group cut their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a buy rating on the stock in a research report on Wednesday, March 27th. Morgan Stanley cut their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an equal weight rating on the stock in a research report on Monday, February 26th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an overweight rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada cut their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating on the stock in a research report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $36.33.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.72 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 0.51. Keurig Dr Pepper has a twelve month low of $27.66 and a twelve month high of $34.65. The firm’s 50 day moving average price is $30.41 and its two-hundred day moving average price is $31.08. The firm has a market cap of $46.79 billion, a P/E ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that Keurig Dr Pepper will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared 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. This represents a $0.86 annualized dividend and a yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Priyadarshi Sudhanshu acquired 85,910 shares of the firm’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 $2,499,981.00. Following the completion of the acquisition, the chief financial officer now owns 218,566 shares of the company’s stock, valued at $6,360,270.60. The disclosure for this purchase can be found here. Insiders have sold a total of 100,012,132 shares of company stock worth $2,890,354,861 over the last ninety days. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors grew its stake in shares of Keurig Dr Pepper by 14.6% in the fourth 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 in the last quarter. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock worth $2,766,059,000 after buying an additional 818,426 shares in the last quarter. FMR LLC grew its stake in Keurig Dr Pepper by 12.9% during the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after buying an additional 6,926,582 shares in the last quarter. Capital International Investors grew its stake in Keurig Dr Pepper by 1.3% during the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after buying an additional 730,112 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Keurig Dr Pepper by 2.3% during the third quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after buying an additional 953,639 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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.