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

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) has received an average rating of "Moderate Buy" from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.50.

Several research analysts have commented on KDP shares. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. UBS Group dropped their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. TD Cowen decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Barclays cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, January 17th.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.04 during mid-day trading on Tuesday, hitting $31.04. 7,780,873 shares of the stock were exchanged, compared to its average volume of 8,185,807. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28. 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 stock has a market capitalization of $42.10 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.24 and a beta of 0.61. The stock's fifty day simple moving average is $32.02 and its two-hundred day simple moving average is $34.08.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.96%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper in the 3rd quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC lifted its stake in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Finally, Brooklyn Investment Group purchased a new position in shares of Keurig Dr Pepper in the third quarter valued at $61,000. Institutional investors and hedge funds 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.