Keurig Dr Pepper, Inc (NASDAQ:KDP) Stock Has Average Price Target of $36.00 According to Brokerages

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have earned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.78.

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. BNP Paribas Exane boosted their price target on shares of Keurig Dr Pepper from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Barclays upped their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 14th.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the transaction, the insider directly owned 84,171 shares in the company, valued at approximately $2,739,766.05. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela A. Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the transaction, the vice president owned 55,786 shares in the company, valued at approximately $1,824,202.20. This trade represents a 14.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Apollon Wealth Management LLC boosted its stake in Keurig Dr Pepper by 26.2% during the third quarter. Apollon Wealth Management LLC now owns 27,124 shares of the company’s stock valued at $823,000 after buying an additional 5,626 shares in the last quarter. Signaturefd LLC raised its position in Keurig Dr Pepper by 44.7% in the third quarter. Signaturefd LLC now owns 12,939 shares of the company’s stock worth $393,000 after acquiring an additional 3,996 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in Keurig Dr Pepper by 12.8% in the third quarter. Citizens Financial Group Inc. RI now owns 9,038 shares of the company’s stock worth $276,000 after acquiring an additional 1,026 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Keurig Dr Pepper in the third quarter worth about $250,000. Finally, RWC Asset Management LLP lifted its holdings in Keurig Dr Pepper by 24.6% in the 3rd quarter. RWC Asset Management LLP now owns 1,556,100 shares of the company’s stock valued at $47,212,000 after acquiring an additional 306,902 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.4%

NASDAQ:KDP opened at $34.68 on Thursday. The stock has a market cap of $47.19 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.65 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper has a 1 year low of $24.88 and a 1 year high of $35.40. The business has a fifty day moving average of $32.05 and a 200-day moving average of $30.63.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $7.31 billion for 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 revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. Equities analysts predict that Keurig Dr Pepper will post 2.30 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 annualized dividend and a yield of 2.7%. Keurig Dr Pepper’s payout ratio is presently 92.93%.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.