Keurig Dr Pepper, Inc (KDP) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts are moderately bullish on KDP: Eighteen brokerages give the stock an average “Moderate Buy” rating, with 11 buys and seven holds. The average 12-month price target is $36.00, while several firms recently raised targets to $37–$39.
• Keurig Dr Pepper exceeded quarterly expectations, reporting $0.57 EPS versus a $0.54 consensus estimate and $7.31 billion in revenue. Revenue increased 75.6% year over year, and analysts expect full-year EPS of $2.30.
• The stock recently traded near its 12-month high at $34.47 and pays a quarterly dividend of $0.23, equivalent to a 2.7% annual yield. Institutional investors own nearly 94% of outstanding shares, while insider ownership is 0.34%.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eighteen brokerages that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.00.

Several research firms have recently weighed in on KDP. Citigroup raised their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a report on Wednesday, July 8th. Barclays boosted their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Piper Sandler restated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 14th. Finally, UBS Group raised their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a report on Friday, August 7th.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Aaron Alt bought 7,862 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the purchase, the director owned 7,862 shares in the company, valued at $250,247.46. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela Stephens sold 9,500 shares of the firm's 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 completion of the sale, the vice president owned 55,786 shares of the company's stock, valued at approximately $1,824,202.20. This trade represents a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KDP. Community Bank N.A. acquired a new position in shares of Keurig Dr Pepper during the second quarter worth approximately $29,000. Meeder Asset Management Inc. grew its stake in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock valued at $26,000 after purchasing an additional 759 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of Keurig Dr Pepper by 216.2% during the third quarter. Fortitude Family Office LLC now owns 1,565 shares of the company's stock valued at $47,000 after purchasing an additional 1,070 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Keurig Dr Pepper by 54.9% in the third quarter. Mather Group LLC. now owns 1,816 shares of the company's stock valued at $55,000 after purchasing an additional 644 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $65,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Down 0.5%

KDP opened at $34.47 on Thursday. The firm has a market cap of $46.91 billion, a price-to-earnings ratio of 34.82, 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. The firm's 50-day simple moving average is $31.90 and its 200-day simple moving average is $30.53. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $34.88.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly 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. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm's quarterly revenue was up 75.6% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. Equities research analysts anticipate that Keurig Dr Pepper will post 2.30 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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

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