Keurig Dr Pepper (NASDAQ:KDP) Coverage Initiated at Piper Sandler

by · The Cerbat Gem

Piper Sandler started coverage on shares of Keurig Dr Pepper (NASDAQ:KDP – Free Report) in a report published on Tuesday, MarketBeat reports. The firm issued a neutral rating and a $35.00 price objective on the stock.

Several other research analysts have also weighed in on KDP. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Royal Bank of Canada upped their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup reduced their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.93.

Get Our Latest Report on Keurig Dr Pepper

Keurig Dr Pepper Trading Up 1.4 %

NASDAQ KDP opened at $31.12 on Tuesday. The firm’s 50 day moving average price is $32.49 and its two-hundred day moving average price is $34.31. The stock has a market cap of $42.21 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.57 and a beta of 0.62. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.48 EPS. Equities analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth $35,000. Hexagon Capital Partners LLC increased its holdings in Keurig Dr Pepper by 105.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the period. Federated Hermes Inc. raised its stake in shares of Keurig Dr Pepper by 21.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after buying an additional 314 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Keurig Dr Pepper during the 3rd quarter worth about $61,000. 93.99% of the stock is owned by institutional investors and hedge funds.

About Keurig Dr Pepper

(Get Free Report)

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.

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