Keurig Dr Pepper (NASDAQ:KDP) PT Raised to $41.00 at Wells Fargo & Company

Keurig Dr Pepper (NASDAQ:KDP) had its target price lifted by Wells Fargo & Company from $39.00 to $41.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

KDP has been the topic of a number of other reports. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a buy rating on the stock in a research report on Wednesday, March 27th. Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating for the company in a research note on Friday, February 23rd. TD Cowen lifted their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a hold rating in a research note on Friday, April 26th. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an outperform rating on the stock in a report on Monday, February 26th. Finally, Morgan Stanley decreased their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an equal weight rating for the company in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of Moderate Buy and a consensus target price of $37.00.

Keurig Dr Pepper Trading Up 0.3 %

KDP opened at $34.63 on Wednesday. The stock’s 50 day moving average price is $32.92 and its 200-day moving average price is $31.89. The stock has a market cap of $46.94 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.61 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper has a one year low of $27.66 and a one year high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. On average, equities analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 annualized dividend and a dividend yield of 2.48%. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Insider Buying and Selling

In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Patrick Minogue sold 17,293 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the sale, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,124,998 shares of company stock valued at $379,707,253. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $34,000. Mather Group LLC. acquired a new stake in Keurig Dr Pepper during the first quarter worth about $45,000. Ulland Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Keurig Dr Pepper by 79.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after purchasing an additional 715 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

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.