Hsbc Global Res Upgrades Keurig Dr Pepper (NASDAQ:KDP) to "Strong-Buy"

Hsbc Global Res upgraded shares of Keurig Dr Pepper (NASDAQ:KDP - Free Report) from a hold rating to a strong-buy rating in a research report report published on Friday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. UBS Group lifted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded down $0.36 during mid-day trading on Friday, reaching $34.04. The stock had a trading volume of 12,503,475 shares, compared to its average volume of 10,033,754. The firm has a 50 day moving average price of $34.15 and a two-hundred day moving average price of $33.17. The stock has a market capitalization of $46.18 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper has a one year low of $30.12 and a one year 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.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. This trade represents a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,421,350 shares of company stock valued at $2,757,137,010 in the last three months. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Keurig Dr Pepper by 8.5% in the first quarter. Principal Financial Group Inc. now owns 1,423,050 shares of the company's stock worth $48,697,000 after buying an additional 111,911 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Keurig Dr Pepper by 6.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 102,609 shares of the company's stock worth $3,511,000 after buying an additional 6,060 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Keurig Dr Pepper by 2.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 150,685 shares of the company's stock worth $5,156,000 after buying an additional 3,963 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Keurig Dr Pepper by 27.1% during the first quarter. Mather Group LLC. now owns 2,049 shares of the company's stock valued at $70,000 after purchasing an additional 437 shares during the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of Keurig Dr Pepper by 0.4% during the first quarter. New York State Teachers Retirement System now owns 739,150 shares of the company's stock valued at $25,294,000 after purchasing an additional 2,659 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

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.