Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Average Rating of “Hold” by Analysts

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

A number of research firms have weighed in on KDP. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. BNP Paribas cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Barclays upped their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. TD Cowen reduced their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Finally, Bank of America lowered their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th.

Insider Buying and Selling

In other news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KDP. Rise Advisors LLC purchased a new position in Keurig Dr Pepper during the first quarter worth about $25,000. Chung Wu Investment Group LLC purchased a new position in shares of Keurig Dr Pepper in the second quarter worth about $26,000. NewSquare Capital LLC grew its stake in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $26,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth about $26,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 0.0%

NASDAQ:KDP opened at $28.15 on Friday. The business’s 50-day moving average price is $27.78 and its two-hundred day moving average price is $29.70. 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 has a market capitalization of $38.24 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.05 and a beta of 0.35. Keurig Dr Pepper has a 1-year low of $25.03 and a 1-year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting 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%.Keurig Dr Pepper’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business 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 $0.23 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

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.