Analysts Set Keurig Dr Pepper Inc. (NASDAQ:KDP) Target Price at $38.36

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen brokerages that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $38.36.

KDP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Barclays reduced their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. Royal Bank of Canada increased their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, TD Cowen lifted their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, September 26th.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.04 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a fifty day moving average of $35.40 and a 200-day moving average of $34.73. The company has a market cap of $43.46 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.44 and a beta of 0.63. Keurig Dr Pepper has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.87%. Keurig Dr Pepper's dividend payout ratio is currently 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $25,000. Blue Trust Inc. grew its holdings in shares of Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company's stock worth $26,000 after purchasing an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock valued at $27,000 after buying an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after buying an additional 301 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Keurig Dr Pepper during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 85.23% of the company's stock.

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.