Keurig Dr Pepper, Inc (NASDAQ:KDP) Stock Has Average Target Price of $35.00

Keurig Dr Pepper, Inc (NASDAQ:KDP) has been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $35.00.

Several research analysts recently commented on the company. UBS Group raised their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Barclays increased their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Finally, Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th.

Keurig Dr Pepper Stock Down 1.4%

NASDAQ KDP opened at $31.03 on Friday. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $33.82. The stock has a market cap of $42.23 billion, a PE ratio of 31.34, a PEG ratio of 1.48 and a beta of 0.40. The firm has a 50-day simple moving average of $31.27 and a 200 day simple moving average of $29.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 75.6% compared to the same quarter last year. On average, research analysts forecast that Keurig Dr Pepper will post 2.3 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, September 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 28th. Keurig Dr Pepper’s payout ratio is presently 92.93%.

Insider Activity

In related news, Director Aaron E. Alt bought 7,862 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the transaction, the director directly owned 7,862 shares of the company’s stock, valued at $250,247.46. This represents a ∞ 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, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total value of $390,600.00. Following the completion of the sale, the insider owned 84,171 shares in the company, valued at $2,739,766.05. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Keurig Dr Pepper during the 2nd quarter valued at about $4,697,645,000. Geode Capital Management LLC boosted its position in Keurig Dr Pepper by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock valued at $887,021,000 after buying an additional 1,187,457 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $727,667,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Keurig Dr Pepper during the second quarter worth about $767,105,000. Finally, Norges Bank bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $568,361,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that produces, distributes and markets a broad portfolio of hot and cold beverages. Its products include coffee, soft drinks, flavored sparkling water, juices, teas, sports drinks and mixers, sold under brands such as Keurig, Dr Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, 7UP, A&W, Bai and Core Hydration.

The company’s coffee business includes single-serve brewing systems, coffee makers, pods and related beverages.