Analysts Set Keurig Dr Pepper, Inc (NASDAQ:KDP) PT at $34.87

Keurig Dr Pepper, Inc (NASDAQ:KDP) has earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.8667.

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Barclays upped their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Piper Sandler raised their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Finally, UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, October 28th.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $29.69 on Friday. The firm has a market capitalization of $40.34 billion, a PE ratio of 25.60, a PEG ratio of 2.03 and a beta of 0.34. Keurig Dr Pepper has a 1 year low of $25.03 and a 1 year high of $36.12. 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’s fifty day simple moving average is $28.15 and its 200 day simple moving average is $28.41.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares in the last quarter. Empowered Funds LLC grew its stake in Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after buying an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $328,000. Finally, Blair William & Co. IL raised its stake in shares of Keurig Dr Pepper by 46.3% in the second quarter. Blair William & Co. IL now owns 12,201 shares of the company’s stock valued at $403,000 after acquiring an additional 3,861 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Company Profile

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.