Brokerages Set Keurig Dr Pepper Inc. (NASDAQ:KDP) Target Price at $38.23

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $38.23.

A number of equities research analysts have recently commented on the stock. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. TD Cowen cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Morgan Stanley boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $33.74 on Wednesday. The firm has a market cap of $45.78 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The stock has a 50 day moving average of $32.72 and a two-hundred day moving average of $33.52. Keurig Dr Pepper has a 12 month low of $30.12 and a 12 month high of $38.28. 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) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. On average, analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,397,350 shares of company stock worth $2,756,292,570. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors have recently bought and sold shares of the company. New Age Alpha Advisors LLC lifted its position in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. LRI Investments LLC purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $42,000. Finally, Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper in the third quarter worth $61,000. 93.99% of the stock is 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.