Keurig Dr Pepper (NASDAQ:KDP) Hits New 1-Year High – Time to Buy?

Keurig Dr Pepper, Inc (NASDAQ:KDP)’s stock price hit a new 52-week high during trading on Thursday. The stock traded as high as $34.49 and last traded at $34.3570, with a volume of 3,191,915 shares changing hands. The stock had previously closed at $33.12.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Morgan Stanley began coverage on Keurig Dr Pepper in a research note on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price for the company. Finally, UBS Group raised their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $36.00.

Keurig Dr Pepper Trading Up 1.3%

The business’s 50 day simple moving average is $31.59 and its two-hundred day simple moving average is $30.32. The stock has a market cap of $47.11 billion, a P/E ratio of 34.97, a PEG ratio of 1.61 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $7.23 billion. During the same period in the prior year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 75.6% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper, Inc will post 2.30 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total value of $390,600.00. Following the sale, the insider owned 84,171 shares in the company, valued at approximately $2,739,766.05. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Angela A. Stephens sold 9,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the sale, the vice president directly owned 55,786 shares of the company’s stock, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Keurig Dr Pepper in the 2nd quarter worth about $4,697,645,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $727,667,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $767,105,000. Bank of America Corp DE acquired a new stake in Keurig Dr Pepper during the second quarter worth approximately $281,503,000. Finally, Legal & General Group Plc acquired a new stake in Keurig Dr Pepper during the second quarter worth approximately $269,336,000. 93.99% of the stock is currently owned by institutional investors.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that produces, distributes and markets a broad portfolio of hot and cold beverages. Its products include coffee, soft drinks, flavored sparkling water, juices, teas, sports drinks and mixers, sold under brands such as Keurig, Dr Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, 7UP, A&W, Bai and Core Hydration.

The company’s coffee business includes single-serve brewing systems, coffee makers, pods and related beverages.