Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives $34.87 Consensus Price Target from Brokerages

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have been given a consensus rating of “Hold” by the twenty brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.8667.

A number of brokerages have weighed in on KDP. BNP Paribas lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Bank of America reduced their target price on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Citigroup dropped their price target on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, TD Cowen decreased their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st.

Keurig Dr Pepper Stock Up 0.4%

Shares of NASDAQ:KDP opened at $28.10 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. The firm has a market cap of $38.18 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.05 and a beta of 0.35. The stock’s 50-day moving average price is $27.76 and its two-hundred day moving average price is $29.77. Keurig Dr Pepper has a 12-month low of $25.03 and a 12-month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company 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 company posted $0.51 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Amundi boosted its holdings in Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after buying an additional 315,290 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Keurig Dr Pepper by 61.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after acquiring an additional 23,167 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Keurig Dr Pepper by 15.2% during the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock worth $9,987,000 after acquiring an additional 39,916 shares in the last quarter. LBP AM SA grew its holdings in shares of Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after acquiring an additional 519,851 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Keurig Dr Pepper by 9.0% during the second quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after purchasing an additional 12,530 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.