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

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.21.

Several brokerages have recently issued reports on KDP. Royal Bank of Canada reissued an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday. UBS Group raised their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday, February 27th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $0.57 during trading on Friday, reaching $34.91. The company had a trading volume of 12,708,704 shares, compared to its average volume of 12,825,239. The stock has a market capitalization of $47.36 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The stock has a 50-day moving average price of $33.96 and a two-hundred day moving average price of $33.24. Keurig Dr Pepper has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the sale, the insider now owns 154,511 shares in the company, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Keurig Dr Pepper

Several institutional investors and hedge funds have recently made changes to their positions in the business. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper in the 1st quarter valued at approximately $27,000. New Age Alpha Advisors LLC raised 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 valued at $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $42,000. Finally, Continuum Advisory LLC increased its position in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

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.