Keurig Dr Pepper (NASDAQ:KDP) Price Target Increased to $36.00 by Analysts at Barclays

Keurig Dr Pepper (NASDAQ:KDP) had its target price raised by Barclays from $32.00 to $36.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently commented on the company. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a buy rating for the company in a research report on Wednesday, March 27th. Wedbush reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an outperform rating for the company in a research report on Monday, February 26th. HSBC began coverage on Keurig Dr Pepper in a research report on Friday, December 22nd. They set a hold rating and a $37.00 price objective for the company. Morgan Stanley reduced their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an equal weight rating for the company in a research report on Monday, February 26th. Finally, Royal Bank of Canada reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating for the company in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of Moderate Buy and a consensus price target of $36.45.

Keurig Dr Pepper Trading Down 1.9 %

Shares of NASDAQ:KDP opened at $30.22 on Friday. The company has a market cap of $41.93 billion, a P/E ratio of 19.50, a PEG ratio of 2.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.99. The stock’s fifty day moving average price is $30.28 and its 200-day moving average price is $31.02.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Sell-side analysts expect that Keurig Dr Pepper will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is presently 55.48%.

Insider Activity at Keurig Dr Pepper

In other news, CEO Robert James Gamgort purchased 171,821 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the purchase, the chief executive officer now owns 3,179,917 shares in the company, valued at $92,535,584.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Robert James Gamgort acquired 171,821 shares of the stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,012,132 shares of company stock valued at $2,890,354,861. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 99,740.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock worth $11,586,469,000 after buying an additional 324,589,570 shares during the period. Capital World Investors raised its holdings in shares of Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after buying an additional 13,738,345 shares during the period. Vanguard Group Inc. raised its holdings in shares of Keurig Dr Pepper by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock worth $2,766,059,000 after buying an additional 818,426 shares during the period. BlackRock Inc. raised its holdings in shares of Keurig Dr Pepper by 1.1% in the first quarter. BlackRock Inc. now owns 68,972,718 shares of the company’s stock worth $2,433,358,000 after buying an additional 749,695 shares during the period. Finally, FMR LLC raised its holdings in shares of Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after buying an additional 6,926,582 shares during the period. 85.23% of the stock is owned by institutional investors.

About Keurig Dr Pepper

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.