Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Average Recommendation of "Moderate Buy" from Analysts

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $38.50.

Several research analysts have commented on KDP shares. Jefferies Financial Group lowered their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a report on Friday, October 25th. Royal Bank of Canada increased their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Barclays cut their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Evercore ISI raised Keurig Dr Pepper to a "hold" rating in a research report on Thursday, September 5th. Finally, Citigroup cut their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, October 25th.

Insider Activity

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the transaction, the insider now owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently made changes to their positions in KDP. Swedbank AB grew its holdings in Keurig Dr Pepper by 57.7% in the third quarter. Swedbank AB now owns 733,823 shares of the company's stock valued at $27,504,000 after purchasing an additional 268,555 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Keurig Dr Pepper by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock valued at $122,038,000 after purchasing an additional 22,657 shares during the last quarter. LMR Partners LLP grew its stake in shares of Keurig Dr Pepper by 55.5% during the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company's stock valued at $19,527,000 after buying an additional 186,002 shares during the period. Curi RMB Capital LLC increased its holdings in shares of Keurig Dr Pepper by 9.4% during the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock worth $23,539,000 after buying an additional 54,167 shares during the last quarter. Finally, Qsemble Capital Management LP raised its position in shares of Keurig Dr Pepper by 428.0% in the 3rd quarter. Qsemble Capital Management LP now owns 59,618 shares of the company's stock worth $2,234,000 after buying an additional 48,326 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Down 1.3 %

Keurig Dr Pepper stock traded down $0.43 during trading on Monday, hitting $33.12. The company had a trading volume of 11,442,191 shares, compared to its average volume of 9,246,011. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $33.82 and its 200-day simple moving average is $34.60. Keurig Dr Pepper has a 1-year low of $28.61 and a 1-year high of $38.28. The stock has a market cap of $44.93 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting 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 company 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 company posted $0.48 EPS. Keurig Dr Pepper's revenue was up 2.3% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.23 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. Keurig Dr Pepper's payout ratio is 55.76%.

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.