Keurig Dr Pepper Inc (NYSE:KDP) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $25.57.
A number of analysts recently commented on the stock. Goldman Sachs Group assumed coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 18th. They set a “neutral” rating and a $26.00 price objective on the stock. ValuEngine downgraded shares of Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Stifel Nicolaus started coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 11th. They issued a “hold” rating and a $20.00 price target on the stock. Bank of America set a $30.00 price target on shares of Keurig Dr Pepper and gave the company a “buy” rating in a report on Monday, July 16th. Finally, Susquehanna Bancshares started coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 25th. They issued a “positive” rating and a $33.00 price target on the stock.
KDP stock traded down $0.13 during trading on Friday, reaching $22.26. 1,706,168 shares of the company were exchanged, compared to its average volume of 2,885,748. The company has a market cap of $32.18 billion, a P/E ratio of 4.90, a P/E/G ratio of 1.33 and a beta of 0.74. Keurig Dr Pepper has a 52-week low of $20.46 and a 52-week high of $126.65. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, October 4th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 25.55%.
In other Keurig Dr Pepper news, insider Herbert Derek Hopkins purchased 22,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, August 28th. The shares were bought at an average price of $22.94 per share, with a total value of $504,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James R. Trebilcock acquired 29,734 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was purchased at an average cost of $22.76 per share, with a total value of $676,745.84. The disclosure for this purchase can be found here. Insiders acquired 185,270 shares of company stock worth $4,338,850 in the last ninety days. Insiders own 0.58% of the company’s stock.
Several large investors have recently bought and sold shares of KDP. TradeLink Capital LLC acquired a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $2,806,000. Twin Tree Management LP acquired a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $2,442,000. KCM Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $677,000. Marshall Wace LLP acquired a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $3,746,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $8,695,000. 11.55% of the stock is owned by institutional investors and hedge funds.
About Keurig Dr Pepper
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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