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

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.50.

KDP has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Barclays cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Citigroup lowered their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently modified their holdings of the business. FMR LLC increased 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 worth $3,829,824,000 after acquiring an additional 9,105,164 shares in the last quarter. State Street Corp raised its stake in shares of Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after buying an additional 4,970,467 shares during the period. National Bank of Canada FI raised its stake in shares of Keurig Dr Pepper by 394.3% during 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 purchasing an additional 1,956,138 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $57,995,000. Finally, OFI Invest Asset Management purchased a new position in Keurig Dr Pepper during the fourth quarter worth about $38,629,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 0.5 %

KDP opened at $30.90 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market cap of $41.91 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61. The firm’s fifty day moving average is $31.98 and its 200 day moving average is $34.09. Keurig Dr Pepper has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, January 3rd. 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.