Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $34.9412.

Several research firms have recently commented on KDP. Citigroup upped their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela Stephens sold 9,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total transaction of $310,650.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aaron Alt purchased 7,862 shares of the stock in a transaction on Tuesday, August 25th. The shares were purchased at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the acquisition, the director directly owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KDP. NewEdge Advisors LLC lifted its position in shares of Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after acquiring an additional 3,627 shares in the last quarter. Empowered Funds LLC grew its position in shares of Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares in the last quarter. Woodline Partners LP grew its position in shares of Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at approximately $328,000. Finally, Jump Financial LLC raised its stake in Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after purchasing an additional 54,571 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $32.55 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $44.29 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.40. The firm’s 50 day moving average price is $31.27 and its 200-day moving average price is $29.65. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was up 75.6% compared to the same quarter last year. Equities research analysts expect that Keurig Dr Pepper will post 2.3 EPS for the current year.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.