Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $36.00 at Barclays

Keurig Dr Pepper (NASDAQ:KDP) had its price target increased by Barclays from $32.00 to $36.00 in a research report sent to investors on Friday, Benzinga reports. Barclays currently has an overweight rating on the stock.

KDP has been the subject of several other reports. HSBC assumed coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They set a hold rating and a $37.00 price objective for the company. Royal Bank of Canada lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating for the company in a research note on Friday, February 23rd. Wedbush reduced their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an outperform rating for the company in a report on Monday, February 26th. Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a buy rating for the company in a report on Wednesday, March 27th. Finally, Morgan Stanley reduced their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an equal weight rating for the company in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of Moderate Buy and a consensus price target of $36.45.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $30.43 on Friday. The company has a market cap of $42.22 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. Keurig Dr Pepper has a twelve month low of $27.66 and a twelve month high of $35.99. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $30.27 and a two-hundred day moving average of $31.01.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, analysts predict that Keurig Dr Pepper will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.83%. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the sale, the director now owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,012,132 shares of company stock valued at $2,890,354,861. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC boosted its position in Keurig Dr Pepper by 99,740.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock worth $11,586,469,000 after acquiring an additional 324,589,570 shares during the last quarter. Capital World Investors boosted its holdings in Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after purchasing an additional 13,738,345 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Keurig Dr Pepper by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock valued at $2,766,059,000 after purchasing an additional 818,426 shares during the last quarter. BlackRock Inc. boosted its holdings in Keurig Dr Pepper by 1.1% in the 1st quarter. BlackRock Inc. now owns 68,972,718 shares of the company’s stock valued at $2,433,358,000 after purchasing an additional 749,695 shares during the last quarter. Finally, FMR LLC boosted its holdings in Keurig Dr Pepper by 12.9% in the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after purchasing an additional 6,926,582 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.