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

Keurig Dr Pepper, Inc (NASDAQ:KDP) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $34.8667.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. UBS Group restated a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Wells Fargo & Company increased their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st.

Insider Activity

In other news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was 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 owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in Keurig Dr Pepper by 30.6% during the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after purchasing an additional 3,627 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after buying an additional 49,741 shares during the last quarter. Woodline Partners LP grew its stake in shares of Keurig Dr Pepper by 49.2% in the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after buying an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper in the second quarter worth approximately $328,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Keurig Dr Pepper by 64.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 61,792 shares of the company’s stock valued at $2,088,000 after acquiring an additional 24,103 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 0.2%

Shares of KDP stock opened at $27.70 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $28.00 and a 200 day simple moving average of $28.94. Keurig Dr Pepper has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The stock has a market capitalization of $37.63 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.91 and a beta of 0.34.

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

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, January 2nd. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.