Shares of Keurig Dr Pepper Inc (NYSE:KDP) have earned an average recommendation of “Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $30.49.
A number of research analysts recently issued reports on the company. ValuEngine cut Keurig Dr Pepper from a “hold” rating to a “sell” rating in a report on Tuesday. SunTrust Banks set a $35.00 price objective on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a report on Friday, September 27th. Morgan Stanley set a $24.00 price objective on shares of Keurig Dr Pepper and gave the company a “sell” rating in a research report on Friday, August 9th. Guggenheim restated a “hold” rating on shares of Keurig Dr Pepper in a research report on Friday, September 27th. Finally, Royal Bank of Canada set a $31.00 target price on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Friday, August 9th.
KDP stock traded down $0.51 during midday trading on Thursday, reaching $30.01. 80,032 shares of the company’s stock traded hands, compared to its average volume of 1,990,376. The company has a 50-day simple moving average of $28.98 and a two-hundred day simple moving average of $28.42. The company has a quick ratio of 0.23, a current ratio of 0.35 and a debt-to-equity ratio of 0.57. Keurig Dr Pepper has a 1-year low of $24.52 and a 1-year high of $32.00. The company has a market cap of $43.53 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.66 and a beta of 0.46.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.00%. Keurig Dr Pepper’s payout ratio is currently 57.69%.
In other Keurig Dr Pepper news, Director Robert S. Singer purchased 4,500 shares of the stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $30.42 per share, for a total transaction of $136,890.00. Also, insider Mary Beth Denooyer purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $30.90 per share, with a total value of $185,400.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 82,500 shares of company stock valued at $2,313,255. 0.44% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MRA Associates USA LLC bought a new position in Keurig Dr Pepper in the second quarter valued at approximately $25,000. Pearl River Capital LLC acquired a new position in Keurig Dr Pepper during the second quarter valued at approximately $31,000. Fulcrum Equity Management acquired a new position in Keurig Dr Pepper during the 3rd quarter worth approximately $30,000. Steward Partners Investment Advisory LLC bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $42,000. Finally, Rational Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 45.2% in the third quarter. Rational Advisors LLC now owns 1,802 shares of the company’s stock valued at $49,000 after purchasing an additional 561 shares during the last quarter. Institutional investors and hedge funds own 20.53% of the company’s stock.
About Keurig Dr Pepper
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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