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

by · The Cerbat Gem

Keurig Dr Pepper, Inc (NASDAQ:KDP – Get Free Report) has received an average rating of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.2667.

A number of equities research analysts have recently commented on the company. TD Cowen lowered their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company lifted their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group dropped their target price on shares of 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Finally, BNP Paribas Exane downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd.

Read Our Latest Analysis on Keurig Dr Pepper

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors have recently added to or reduced their stakes in the business. Amundi raised its holdings in shares of Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock valued at $156,920,000 after acquiring an additional 315,290 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in 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 purchasing an additional 23,167 shares during the period. Truist Financial Corp increased its position in Keurig Dr Pepper by 15.2% during the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after purchasing an additional 39,916 shares during the period. LBP AM SA raised its holdings in 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 purchasing an additional 519,851 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Keurig Dr Pepper by 9.0% in the 2nd 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 hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

KDP stock opened at $26.12 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $35.49 billion, a PE ratio of 22.52, a P/E/G ratio of 1.75 and a beta of 0.43. The business has a 50 day moving average of $26.93 and a 200-day moving average of $31.08. Keurig Dr Pepper has a 12-month low of $25.03 and a 12-month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, sell-side analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Keurig Dr Pepper Company Profile

(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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