Keurig Dr Pepper’s (KDP) Buy Rating Reiterated at Argus

Argus reissued their buy rating on shares of Keurig Dr Pepper (NASDAQ:KDP) in a report issued on Tuesday,Benzinga reports. They currently have a $36.00 price objective on the stock.

A number of other equities analysts also recently issued reports on the stock. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Wells Fargo & Company set a $37.00 price objective on Keurig Dr Pepper in a research report on Wednesday, July 1st. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, August 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Finally, Citigroup raised their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Keurig Dr Pepper Stock Down 1.2%

Shares of Keurig Dr Pepper stock opened at $31.43 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper has a 12-month low of $24.88 and a 12-month high of $33.82. The company has a market cap of $42.77 billion, a P/E ratio of 31.75, a PEG ratio of 1.50 and a beta of 0.40. The company’s fifty day simple moving average is $31.19 and its two-hundred day simple moving average is $29.73.

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

Keurig Dr Pepper Announces Dividend

The firm 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio is 92.93%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Aaron E. Alt purchased 7,862 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $31.83 per share, with a total value of $250,247.46. Following the transaction, the director directly owned 7,862 shares in the company, valued at $250,247.46. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was 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. The trade was a 12.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KDP. Northwestern Mutual Wealth Management Co. increased its position in Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after acquiring an additional 39,156 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Keurig Dr Pepper by 47.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after purchasing an additional 57,797 shares during the period. Fidelity National Financial Inc. bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $15,349,000. Anchor Capital Advisors LLC increased its position in shares of Keurig Dr Pepper by 13.8% during the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after purchasing an additional 157,438 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $269,336,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.