Analysts Set Keurig Dr Pepper Inc. (NASDAQ:KDP) Target Price at $38.23

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.38.

KDP has been the subject of a number of research analyst reports. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. TD Cowen dropped their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $34.97 on Wednesday. The company has a market capitalization of $47.45 billion, a PE ratio of 21.19, a PEG ratio of 2.42 and a beta of 0.62. The business has a fifty day moving average price of $32.83 and a 200-day moving average price of $33.48. Keurig Dr Pepper has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business earned $0.55 EPS. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 87.62%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought 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 owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,397,350 shares of company stock valued at $2,756,292,570. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its position in Keurig Dr Pepper by 6.4% during the fourth quarter. California State Teachers Retirement System now owns 1,998,198 shares of the company’s stock valued at $64,182,000 after purchasing an additional 119,546 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Keurig Dr Pepper by 10.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,532 shares of the company’s stock worth $820,000 after acquiring an additional 2,355 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $11,863,000. Centaurus Financial Inc. purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at approximately $102,000. Finally, Siemens Fonds Invest GmbH lifted its stake in shares of Keurig Dr Pepper by 20.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 74,974 shares of the company’s stock valued at $2,408,000 after purchasing an additional 12,475 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

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.