Keurig Dr Pepper (NASDAQ:KDP) Price Target Increased to $41.00 by Analysts at UBS Group

Keurig Dr Pepper (NASDAQ:KDPGet Rating) had its target price raised by UBS Group from $38.00 to $41.00 in a report published on Monday, Stock Target Advisor reports. UBS Group currently has a neutral rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $44.00 to $42.00 in a report on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of Hold and a consensus price target of $40.17.

Keurig Dr Pepper Stock Up 0.4 %

Shares of NASDAQ:KDP opened at $38.91 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.46. Keurig Dr Pepper has a 12 month low of $32.44 and a 12 month high of $39.42. The company has a 50-day moving average price of $35.88 and a 200 day moving average price of $37.01. The company has a market cap of $55.20 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.36 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Keurig Dr Pepper had a net margin of 16.39% and a return on equity of 9.15%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities research analysts predict that Keurig Dr Pepper will post 1.69 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, June 30th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 49.34%.

Insider Buying and Selling

In other news, insider Herbert Derek Hopkins sold 37,500 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $35.55, for a total transaction of $1,333,125.00. Following the transaction, the insider now directly owns 174,610 shares of the company’s stock, valued at $6,207,385.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Anthony Shoemaker bought 5,500 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, May 17th. The shares were acquired at an average cost of $35.60 per share, with a total value of $195,800.00. Following the completion of the transaction, the insider now owns 53,500 shares in the company, valued at approximately $1,904,600. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Herbert Derek Hopkins sold 37,500 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $35.55, for a total transaction of $1,333,125.00. Following the transaction, the insider now owns 174,610 shares in the company, valued at $6,207,385.50. The disclosure for this sale can be found here. Insiders have bought 70,395 shares of company stock valued at $2,544,480 in the last ninety days. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 19.0% during the second quarter. Parallel Advisors LLC now owns 4,456 shares of the company’s stock valued at $158,000 after purchasing an additional 710 shares in the last quarter. US Bancorp DE boosted its stake in Keurig Dr Pepper by 8.5% in the second quarter. US Bancorp DE now owns 100,641 shares of the company’s stock valued at $3,561,000 after acquiring an additional 7,916 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Keurig Dr Pepper in the second quarter valued at approximately $23,155,000. Stoneridge Investment Partners LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at approximately $222,000. Finally, Maryland State Retirement & Pension System boosted its stake in Keurig Dr Pepper by 23.0% in the second quarter. Maryland State Retirement & Pension System now owns 66,028 shares of the company’s stock valued at $2,337,000 after acquiring an additional 12,353 shares in the last quarter. 50.58% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Company Profile

(Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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