Keurig Dr Pepper Inc. (NASDAQ:KDP) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $38.23.

A number of brokerages recently weighed in on KDP. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley increased their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Piper Sandler began coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They set a "neutral" rating and a $35.00 target price on the stock.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently made changes to their positions in KDP. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at $25,000. New Age Alpha Advisors LLC boosted its position in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the period. LRI Investments LLC bought a new position in Keurig Dr Pepper during the third quarter worth $35,000. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth $37,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper during the fourth quarter worth $42,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Down 1.6 %

Keurig Dr Pepper stock traded down $0.53 during trading hours on Friday, reaching $33.60. 13,981,252 shares of the company's stock traded hands, compared to its average volume of 9,143,917. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.61. The firm's 50 day moving average is $31.99 and its 200-day moving average is $33.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper has a fifty-two week low of $28.62 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Keurig Dr Pepper Company Profile

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.