Analysts Set Keurig Dr Pepper Inc. (NASDAQ:KDP) PT at $39.21

Keurig Dr Pepper Inc. (NASDAQ:KDP) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.21.

Several equities research analysts have commented on KDP shares. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Argus started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. 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 over the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently bought and sold shares of KDP. Townsquare Capital LLC increased its stake in shares of Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock worth $505,000 after buying an additional 327 shares during the period. Perigon Wealth Management LLC increased its position in shares of Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after acquiring an additional 342 shares during the period. First American Bank raised its stake in shares of Keurig Dr Pepper by 0.6% during the first quarter. First American Bank now owns 59,564 shares of the company’s stock valued at $2,038,000 after acquiring an additional 344 shares during the last quarter. Barden Capital Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after purchasing an additional 353 shares during the period. Finally, Custom Index Systems LLC boosted its holdings in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 2.1 %

KDP opened at $34.46 on Friday. The company’s 50-day moving average price is $34.09 and its two-hundred day moving average price is $33.24. 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 twelve month low of $30.12 and a twelve month high of $38.28. The stock has a market cap of $46.75 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. As a group, equities analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.67%. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

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.