Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Free Report) 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 %
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) 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.
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