Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives Consensus Recommendation of “Hold” from Analysts

Keurig Dr Pepper, Inc (NASDAQ:KDP) has earned a consensus rating of “Hold” from the twenty analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $34.8667.

KDP has been the topic of a number of research reports. BNP Paribas lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. Wells Fargo & Company lifted their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group lowered their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the 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 sale, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KDP. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock valued at $5,265,055,000 after acquiring an additional 14,244,768 shares during the period. State Street Corp raised its holdings in Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after purchasing an additional 986,700 shares during the period. Invesco Ltd. boosted its position in Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. Geode Capital Management LLC grew its holdings in Keurig Dr Pepper by 13.5% in the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after purchasing an additional 3,595,579 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Keurig Dr Pepper by 0.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock valued at $524,459,000 after buying an additional 182,341 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 0.0%

KDP stock opened at $28.15 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The company has a market capitalization of $38.24 billion, a PE ratio of 24.27, a P/E/G ratio of 2.05 and a beta of 0.35. The firm’s 50-day moving average is $27.78 and its 200 day moving average is $29.70. 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 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 company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. Keurig Dr Pepper’s revenue was up 10.7% on a year-over-year basis. On average, research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

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.