Keurig Dr Pepper, Inc (NASDAQ:KDP) Stock Has Consensus Price Target of $35.00

Key Points

• Keurig Dr Pepper has a “Moderate Buy” consensus rating from 20 analysts, with 12 buys and eight holds. The average 12-month price target is $35.00, compared with shares opening at $31.95.
• The company exceeded quarterly expectations, reporting $0.57 in adjusted EPS versus a $0.54 estimate and $7.31 billion in revenue versus $7.23 billion expected. Revenue increased 75.6% year over year.
• Institutional investors own 93.99% of KDP, while recent insider activity was mixed: a director bought roughly $250,000 in shares, while a vice president sold $310,650 worth. The company also announced a quarterly dividend of $0.23 per share, implying a 2.9% yield.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) has received an average rating of "Moderate Buy" from the twenty ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $35.00.

KDP has been the subject of several research analyst reports. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a report on Thursday, August 13th. Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They set an "overweight" rating and a $38.00 target price on the stock. Argus reaffirmed a "buy" rating and set a $36.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, September 15th. Citigroup lifted their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, July 8th.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Aaron E. Alt acquired 7,862 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director directly owned 7,862 shares of the company's stock, valued at approximately $250,247.46. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 9,500 shares of the company'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 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of large investors have recently made changes to their positions in KDP. QRG Capital Management Inc. purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $253,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Keurig Dr Pepper in the second quarter worth approximately $252,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 27.2% in the second quarter. Sequoia Financial Advisors LLC now owns 43,331 shares of the company's stock worth $1,418,000 after buying an additional 9,259 shares during the last quarter. Tidal Investments LLC grew its position in Keurig Dr Pepper by 7.8% during the second quarter. Tidal Investments LLC now owns 226,106 shares of the company's stock valued at $7,400,000 after buying an additional 16,442 shares during the period. Finally, National Pension Service grew its position in Keurig Dr Pepper by 7.0% during the second quarter. National Pension Service now owns 2,649,801 shares of the company's stock valued at $86,728,000 after buying an additional 173,128 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.95 on Friday. The business's fifty day simple moving average is $31.23 and its two-hundred day simple moving average is $29.82. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper has a 12 month low of $24.88 and a 12 month high of $33.82. The company has a market cap of $43.48 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 1.51 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The company's quarterly revenue was up 75.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. Research analysts anticipate that Keurig Dr Pepper will post 2.3 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, September 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 28th. Keurig Dr Pepper's payout ratio is 92.93%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc NASDAQ: KDP is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott's, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.

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