Barclays Raises Keurig Dr Pepper (NASDAQ:KDP) Price Target to $38.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price lifted by Barclays from $36.00 to $38.00 in a research note published on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a buy rating for the company in a research report on Wednesday, March 27th. Wedbush dropped their price objective on 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. Morgan Stanley decreased their target price on 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. Royal Bank of Canada lowered their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating for the company in a research note on Friday, February 23rd. Finally, TD Cowen lifted their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a hold rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $36.64.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $33.34 on Monday. The firm has a market cap of $45.19 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.56 and a beta of 0.66. The business’s 50 day moving average is $30.55 and its 200-day moving average is $31.19. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $34.65. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that Keurig Dr Pepper will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.58%. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the sale, the insider now owns 100,000 shares in the company, valued at approximately $3,382,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold 100,043,359 shares of company stock worth $2,891,410,958 over the last three months. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Several large investors have recently modified their holdings of KDP. Achmea Investment Management B.V. grew its stake in Keurig Dr Pepper by 0.8% during the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after acquiring an additional 324 shares in the last quarter. Morningstar Investment Management LLC boosted its stake in Keurig Dr Pepper by 1.1% during the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after buying an additional 328 shares during the period. Kentucky Retirement Systems increased its stake in Keurig Dr Pepper by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after acquiring an additional 344 shares during the last quarter. Operose Advisors LLC increased its stake in Keurig Dr Pepper by 28.7% in the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after acquiring an additional 373 shares during the last quarter. Finally, Mckinley Capital Management LLC boosted its position in shares of Keurig Dr Pepper by 1.3% during the 3rd quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after acquiring an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.