Keurig Dr Pepper (NASDAQ:KDP – Get 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 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
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.
- Get a free copy of the StockNews.com research report on Keurig Dr Pepper (KDP)
- MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
- The Colgate-Palmolive Growth Outlook Brightens
- Deep Value High Yield Newell Brands Is Ready To Bottom
- These Stocks Outperformed Last Time There Was A Recession
- Does Rivian’s Stock Still Have A Future?
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.