Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives $37.17 Consensus Target Price from Analysts

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.17.

Several research analysts have weighed in on the company. Wells Fargo & Company upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $36.00 to $42.00 in a research note on Tuesday, June 29th. TheStreet upgraded Keurig Dr Pepper from a “d” rating to a “b-” rating in a research note on Thursday, July 29th.

Shares of NASDAQ KDP traded up $0.40 during midday trading on Wednesday, hitting $35.42. 3,545,685 shares of the company’s stock traded hands, compared to its average volume of 5,072,080. Keurig Dr Pepper has a 1 year low of $26.67 and a 1 year high of $37.11. The stock has a market capitalization of $50.21 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.48 and a beta of 0.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.25 and a current ratio of 0.38. The firm has a fifty day moving average of $35.09 and a 200 day moving average of $35.09.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.07 billion. Keurig Dr Pepper had a net margin of 13.49% and a return on equity of 8.91%. On average, equities analysts anticipate that Keurig Dr Pepper will post 1.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.12%. Keurig Dr Pepper’s payout ratio is 53.57%.

In other news, insider Justin Whitmore purchased 1,025 shares of the company’s stock in a transaction dated Thursday, August 19th. The shares were acquired at an average price of $34.34 per share, with a total value of $35,198.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Herbert Derek Hopkins sold 38,513 shares of the stock in a transaction on Friday, September 10th. The stock was sold at an average price of $35.04, for a total value of $1,349,495.52. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of KDP. Assetmark Inc. boosted its position in Keurig Dr Pepper by 503.0% during the second quarter. Assetmark Inc. now owns 796 shares of the company’s stock valued at $28,000 after purchasing an additional 664 shares in the last quarter. Zions Bancorporation N.A. raised its stake in shares of Keurig Dr Pepper by 1,156.7% in the first quarter. Zions Bancorporation N.A. now owns 842 shares of the company’s stock worth $29,000 after purchasing an additional 775 shares during the last quarter. Parisi Gray Wealth Management purchased a new position in shares of Keurig Dr Pepper in the second quarter worth about $29,000. Berman Capital Advisors LLC raised its stake in shares of Keurig Dr Pepper by 314.9% in the second quarter. Berman Capital Advisors LLC now owns 1,195 shares of the company’s stock worth $42,000 after purchasing an additional 907 shares during the last quarter. Finally, Cranbrook Wealth Management LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter worth about $44,000. 46.97% of the stock is currently owned by institutional investors.

About Keurig Dr Pepper

Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes manufacture and distribution of finished goods relating to coffee, pods, and brewers.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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