Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives $34.87 Average Target Price from Brokerages

Keurig Dr Pepper, Inc (NASDAQ:KDP) has earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $34.8667.

A number of equities research analysts recently commented on the company. Barclays boosted their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. UBS Group reiterated a “buy” rating and set a $35.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Piper Sandler boosted their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Finally, Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after acquiring an additional 49,741 shares during the period. Woodline Partners LP raised its stake in shares of Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth about $328,000. Finally, Blair William & Co. IL boosted its stake in shares of Keurig Dr Pepper by 46.3% during the 2nd quarter. Blair William & Co. IL now owns 12,201 shares of the company’s stock worth $403,000 after purchasing an additional 3,861 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $29.14 on Friday. The company has a market cap of $39.59 billion, a P/E ratio of 25.12, a P/E/G ratio of 1.99 and a beta of 0.34. Keurig Dr Pepper has a 52-week low of $25.03 and a 52-week high of $36.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. The firm’s fifty day moving average is $28.14 and its two-hundred day moving average is $28.39.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

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.