Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $36.50.
A number of equities analysts recently weighed in on KDP shares. Barclays decreased their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday. Wells Fargo & Company boosted their target price on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Wednesday, June 5th. BNP Paribas started coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They set a "neutral" rating and a $36.00 price target on the stock. TD Cowen boosted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a "hold" rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 27th.
Read Our Latest Report on Keurig Dr Pepper
Insider Transactions at Keurig Dr Pepper
In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the firm's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares of the company's stock, valued at $2,253,989.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Angela A. Stephens sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the sale, the vice president now directly owns 76,081 shares of the company's stock, valued at approximately $2,557,082.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the firm's stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total value of $580,871.87. Following the transaction, the insider now directly owns 67,103 shares of the company's stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,520 shares of company stock valued at $2,750,739. Corporate insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On Keurig Dr Pepper
Institutional investors have recently modified their holdings of the stock. Capital World Investors grew its holdings in shares of Keurig Dr Pepper by 14.6% during the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company's stock valued at $3,599,652,000 after buying an additional 13,738,345 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company's stock worth $725,487,000 after purchasing an additional 12,259,471 shares in the last quarter. Norges Bank purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $317,979,000. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company's stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $105,569,000. 85.23% of the stock is owned by hedge funds and other institutional investors.
Keurig Dr Pepper Price Performance
NASDAQ KDP traded down $0.16 on Friday, hitting $32.98. The stock had a trading volume of 4,626,712 shares, compared to its average volume of 9,201,423. The firm has a 50-day moving average of $33.71 and a 200-day moving average of $32.08. The company has a market capitalization of $44.71 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper has a 52-week low of $27.66 and a 52-week high of $35.00.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Equities analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.
Keurig Dr Pepper Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.61%. Keurig Dr Pepper's dividend payout ratio (DPR) is 55.48%.
About Keurig Dr Pepper
(Get Free Report
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.
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