Keurig Dr Pepper Inc. (NASDAQ:KDP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $37.20.

Several research firms recently commented on KDP. Morgan Stanley lowered their target price on Keurig Dr Pepper from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Barclays upped their target price on shares of Keurig Dr Pepper from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. UBS Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $42.00 in a research note on Tuesday, August 15th. Sanford C. Bernstein dropped their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Finally, Jefferies Financial Group initiated coverage on shares of Keurig Dr Pepper in a research report on Monday, November 13th. They set a “buy” rating and a $39.00 price objective for the company.

Keurig Dr Pepper Stock Down 0.2 %

Shares of KDP opened at $31.73 on Friday. The company’s 50-day simple moving average is $30.97 and its 200-day simple moving average is $31.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.23 and a current ratio of 0.39. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $38.94. The stock has a market capitalization of $44.37 billion, a PE ratio of 22.99, a P/E/G ratio of 2.65 and a beta of 0.67.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 26th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.77 billion. Keurig Dr Pepper had a net margin of 13.16% and a return on equity of 9.76%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Analysts forecast that Keurig Dr Pepper will post 1.78 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.20. Keurig Dr Pepper’s payout ratio is 62.32%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 40,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $33.61, for a total transaction of $1,344,400.00. Following the transaction, the insider now owns 16,800 shares of the company’s stock, valued at $564,648. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 40,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $33.61, for a total transaction of $1,344,400.00. Following the transaction, the insider now directly owns 16,800 shares of the company’s stock, valued at approximately $564,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Timothy P. Cofer bought 50,000 shares of Keurig Dr Pepper stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $31.26 per share, with a total value of $1,563,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 350,393 shares of the company’s stock, valued at approximately $10,953,285.18. The disclosure for this purchase can be found here. Insiders bought a total of 72,050 shares of company stock valued at $2,240,048 in the last three months. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Achmea Investment Management B.V. increased its stake in Keurig Dr Pepper by 0.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after buying an additional 324 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of Keurig Dr Pepper by 5.1% during the 2nd quarter. Kestra Private Wealth Services LLC now owns 6,672 shares of the company’s stock worth $209,000 after buying an additional 325 shares in the last quarter. Unison Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 0.6% in the 2nd quarter. Unison Advisors LLC now owns 58,213 shares of the company’s stock valued at $1,832,000 after buying an additional 333 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of Keurig Dr Pepper by 1.7% in the first quarter. First Trust Direct Indexing L.P. now owns 21,063 shares of the company’s stock valued at $743,000 after buying an additional 346 shares in the last quarter. Finally, Shorepoint Capital Partners LLC grew its holdings in Keurig Dr Pepper by 2.5% during the first quarter. Shorepoint Capital Partners LLC now owns 14,221 shares of the company’s stock worth $502,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 52.29% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. 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.