Brokerages Set Keurig Dr Pepper, Inc (NASDAQ:KDP) Price Target at $39.77

Key Points

• Keurig Dr Pepper has received an average rating of "Moderate Buy" from fifteen analysts, with two holding ratings, twelve buying, and one strong buy.
• The stock's average target price among analysts is $39.77, with recent adjustments including a drop from $42.00 to $40.00 by UBS Group.
• Insider trading activity included a director purchasing 15,000 shares at $33.20, while another insider sold 12,000 shares at an average price of $33.66.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong 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 $39.77.

KDP has been the topic of several recent research reports. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Barclays boosted their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday. UBS Group lowered their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st.

Insider Transactions at Keurig Dr Pepper

In other news, Director De Ven Michael G. Van acquired 15,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director owned 15,000 shares of the company's stock, valued at $498,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 490,500 shares of company stock valued at $16,493,880. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its position in shares of Keurig Dr Pepper by 51.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock worth $1,154,000 after acquiring an additional 11,435 shares during the period. Praxis Investment Management Inc. increased its position in shares of Keurig Dr Pepper by 112.2% during the first quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock worth $672,000 after acquiring an additional 10,380 shares during the period. Aspire Private Capital LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth $1,177,000. Oppenheimer Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 656.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company's stock worth $7,034,000 after acquiring an additional 178,368 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 13.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company's stock worth $96,609,000 after acquiring an additional 339,530 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

KDP stock traded up $0.88 during trading on Tuesday, hitting $33.85. The stock had a trading volume of 10,893,255 shares, compared to its average volume of 10,004,958. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper has a twelve month low of $30.12 and a twelve month high of $38.28. The stock has a market capitalization of $45.98 billion, a P/E ratio of 30.22, a PEG ratio of 2.40 and a beta of 0.47. The company's 50-day moving average price is $33.25 and its two-hundred day moving average price is $33.30.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.72%. Keurig Dr Pepper's payout ratio is presently 82.14%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.