Keurig Dr Pepper Inc (NYSE:KDP) has received a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $30.27.
A number of research analysts recently issued reports on KDP shares. BMO Capital Markets raised shares of Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Morgan Stanley set a $24.00 price objective on shares of Keurig Dr Pepper and gave the company a “sell” rating in a research note on Friday, August 9th. SunTrust Banks set a $35.00 price objective on shares of Keurig Dr Pepper and gave the company a “buy” rating in a research note on Friday, September 27th. Bank of America lifted their price objective on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Credit Suisse Group started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 price objective on the stock.
Shares of KDP opened at $27.81 on Wednesday. Keurig Dr Pepper has a 12 month low of $22.51 and a 12 month high of $31.06. The firm’s 50 day moving average is $27.22 and its 200-day moving average is $28.15. The stock has a market capitalization of $38.12 billion, a PE ratio of 23.57, a P/E/G ratio of 1.45 and a beta of 0.46. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.16%. Keurig Dr Pepper’s dividend payout ratio is currently 57.69%.
In related news, insider Mary Beth Denooyer bought 6,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of $27.99 per share, for a total transaction of $167,940.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert S. Singer bought 3,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $28.65 per share, for a total transaction of $85,950.00. The disclosure for this purchase can be found here. Insiders acquired 80,727 shares of company stock worth $1,937,641 in the last 90 days. Company insiders own 0.44% of the company’s stock.
A number of institutional investors have recently modified their holdings of KDP. Raymond James Financial Services Advisors Inc. boosted its position in Keurig Dr Pepper by 69.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,922 shares of the company’s stock valued at $613,000 after buying an additional 9,007 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Keurig Dr Pepper by 3.3% during the first quarter. Great West Life Assurance Co. Can now owns 41,548 shares of the company’s stock worth $1,156,000 after purchasing an additional 1,310 shares during the period. First Trust Advisors LP lifted its holdings in shares of Keurig Dr Pepper by 3.0% during the first quarter. First Trust Advisors LP now owns 712,912 shares of the company’s stock worth $19,940,000 after purchasing an additional 20,641 shares during the period. AJO LP acquired a new position in shares of Keurig Dr Pepper during the first quarter worth $435,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Keurig Dr Pepper during the first quarter worth $432,000. Hedge funds and other institutional investors own 19.53% of the company’s stock.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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