Brokerages Set Keurig Dr Pepper Inc. (NASDAQ:KDP) Target Price at $39.33

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been assigned an average rating of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $39.33.

Several research analysts recently weighed in on the stock. Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Argus assumed coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 price target for the company.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total value of $395,040.00. Following the completion of the transaction, the insider now owns 118,511 shares in the company, valued at $3,901,382.12. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the transaction, the vice president now owns 62,411 shares of the company’s stock, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 698,500 shares of company stock worth $23,591,400. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Keurig Dr Pepper

Several large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after purchasing an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Keurig Dr Pepper by 53.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock worth $10,400,000 after buying an additional 112,819 shares in the last quarter. RWC Asset Management LLP increased its holdings in shares of Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after buying an additional 398,916 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $400,000. Finally, Concurrent Investment Advisors LLC boosted its stake in Keurig Dr Pepper by 185.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 51,611 shares of the company’s stock valued at $1,658,000 after acquiring an additional 33,554 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $32.86 on Monday. The firm’s 50 day moving average is $33.92 and its two-hundred day moving average is $33.07. Keurig Dr Pepper has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $44.63 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.42 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the business posted $0.38 EPS. Keurig Dr Pepper’s revenue was up 4.8% on a year-over-year basis. Analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.80%. Keurig Dr Pepper’s payout ratio is currently 83.64%.

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.