Keurig Dr Pepper (NASDAQ:KDP) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper (NASDAQ:KDP - Free Report) from a hold rating to a buy rating in a report released on Thursday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $39.00 target price on the stock, up from their previous target price of $37.00.

Other research analysts also recently issued reports about the stock. Citigroup lowered 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 report on Friday, October 25th. JPMorgan Chase & Co. lowered 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 report on Friday, October 25th. Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company reduced their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, TD Cowen boosted their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, September 26th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.50.

Keurig Dr Pepper Stock Up 1.3 %

Shares of KDP traded up $0.42 during mid-day trading on Thursday, reaching $33.68. The company's stock had a trading volume of 4,072,457 shares, compared to its average volume of 9,233,478. The company has a market cap of $45.69 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61. The business has a fifty day moving average of $33.99 and a 200 day moving average of $34.61. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. 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 announced 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 firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $0.48 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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 2.73%. Keurig Dr Pepper's payout ratio is currently 55.76%.

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 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KDP. FMR LLC raised its position in shares of Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company's stock valued at $3,829,824,000 after buying an additional 9,105,164 shares during the last quarter. State Street Corp raised its holdings in Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company's stock valued at $1,908,289,000 after acquiring an additional 4,970,467 shares in the last quarter. National Bank of Canada FI raised its holdings in Keurig Dr Pepper by 394.3% in the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock valued at $91,908,000 after acquiring an additional 1,956,138 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Keurig Dr Pepper by 41.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company's stock worth $212,901,000 after acquiring an additional 1,878,597 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $37,643,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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.