Keurig Dr Pepper (NASDAQ:KDP) Hits New 1-Year High – Time to Buy?

Keurig Dr Pepper, Inc (NASDAQ:KDP) shares reached a new 52-week high during trading on Thursday. The stock traded as high as $34.49 and last traded at $34.3570, with a volume of 3,191,915 shares changing hands. The stock had previously closed at $33.12.

Analyst Ratings Changes

Several equities research analysts have recently commented on KDP shares. Argus reissued a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, September 15th. Piper Sandler reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Keurig Dr Pepper Price Performance

The company has a market capitalization of $46.02 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.40. The company has a 50-day moving average price of $31.43 and a 200-day moving average price of $30.23. 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 announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the company posted $0.49 EPS. Keurig Dr Pepper’s revenue for the quarter was up 75.6% on a year-over-year basis. On average, equities research analysts expect that Keurig Dr Pepper, Inc will post 2.30 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Keurig Dr Pepper’s payout ratio is 92.93%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the transaction, the insider directly owned 84,171 shares in the company, valued at approximately $2,739,766.05. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Angela A. Stephens sold 9,500 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the transaction, the vice president directly owned 55,786 shares of the company’s stock, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Keurig Dr Pepper during the second quarter worth about $4,697,645,000. T. Rowe Price Investment Management Inc. bought a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $727,667,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Keurig Dr Pepper in the 2nd quarter valued at approximately $767,105,000. Dimensional Fund Advisors LP lifted its stake in Keurig Dr Pepper by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after acquiring an additional 103,505 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Keurig Dr Pepper during the 2nd quarter worth approximately $281,503,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

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.