Analysts Set Keurig Dr Pepper, Inc (NASDAQ:KDP) PT at $34.87

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have received a consensus rating of “Hold” from the twenty research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $34.8667.

KDP has been the subject of several recent analyst reports. UBS Group reiterated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. BNP Paribas Exane downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. TD Cowen dropped their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Citigroup cut their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Finally, Bank of America lowered their target price on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, October 8th.

Keurig Dr Pepper Trading Down 0.5%

Shares of KDP stock opened at $28.01 on Friday. Keurig Dr Pepper has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. The stock has a market cap of $38.05 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.04 and a beta of 0.34. The stock has a 50-day moving average of $27.80 and a 200-day moving average of $29.68.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.23 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently made changes to their positions in KDP. Compound Planning Inc. acquired a new stake in shares of Keurig Dr Pepper in the 1st quarter valued at about $225,000. Kestra Advisory Services LLC boosted its holdings in Keurig Dr Pepper by 30.1% in the first quarter. Kestra Advisory Services LLC now owns 24,213 shares of the company’s stock worth $829,000 after acquiring an additional 5,601 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Keurig Dr Pepper by 6.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,931 shares of the company’s stock valued at $477,000 after acquiring an additional 785 shares during the period. Ieq Capital LLC increased its holdings in shares of Keurig Dr Pepper by 33.1% during the first quarter. Ieq Capital LLC now owns 88,214 shares of the company’s stock valued at $3,019,000 after acquiring an additional 21,955 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its position in shares of Keurig Dr Pepper by 13.7% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 77,865 shares of the company’s stock worth $2,665,000 after purchasing an additional 9,374 shares during the period. Institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

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.