Keurig Dr Pepper’s (KDP) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of Keurig Dr Pepper (NASDAQ:KDP) in a research report released on Friday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft cut their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Hsbc Global Res downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. BNP Paribas downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Finally, Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and an average target price of $35.27.

Keurig Dr Pepper Trading Down 1.9%

NASDAQ:KDP opened at $27.16 on Friday. Keurig Dr Pepper has a twelve month low of $25.03 and a twelve month high of $36.12. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $27.31 and a two-hundred day moving average price of $31.46. The company has a market cap of $36.90 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The business’s revenue was up 10.7% on a year-over-year basis. As a group, analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Insider Activity

In related news, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Large investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at about $25,000. Chung Wu Investment Group LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at about $26,000. NewSquare Capital LLC boosted its stake in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at about $26,000. Finally, Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper in the third quarter valued at about $26,000. 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.