Brokerages Set Keurig Dr Pepper Inc. (NASDAQ:KDP) PT at $37.93

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $37.93.

KDP has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of 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. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada lifted their target price 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, Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday. They issued a "neutral" rating and a $35.00 target price on the stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company's 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 completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Large investors have recently bought and sold shares of the stock. Swedbank AB increased its stake 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 acquiring an additional 268,555 shares during the period. Pathstone Holdings LLC boosted its stake in 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 buying an additional 22,657 shares in the last quarter. Franklin Resources Inc. grew its position in Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares during the period. LMR Partners LLP raised its stake in Keurig Dr Pepper by 55.5% during the third quarter. LMR Partners LLP now owns 521,000 shares of the company's stock worth $19,527,000 after acquiring an additional 186,002 shares in the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 9.4% during the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock valued at $23,539,000 after acquiring an additional 54,167 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 2.4 %

KDP stock traded down $0.74 during midday trading on Friday, hitting $30.38. 9,825,212 shares of the company's stock were exchanged, compared to its average volume of 7,327,901. The firm has a 50 day moving average price of $32.45 and a 200-day moving average price of $34.28. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28. The stock has a market capitalization of $41.21 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. 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 announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the business earned $0.48 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.03%. Keurig Dr Pepper's payout ratio is currently 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.