Keurig Dr Pepper Inc. (NASDAQ:KDP) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) have earned an average rating of "Moderate Buy" from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Four 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 12-month price target among brokers that have issued ratings on the stock in the last year is $39.33.

Several equities research analysts have recently issued reports on KDP shares. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, UBS Group increased their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th.

Keurig Dr Pepper Stock Down 1.1%

Shares of NASDAQ:KDP opened at $32.72 on Thursday. The firm's 50-day moving average is $34.19 and its two-hundred day moving average is $33.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper has a 1 year low of $30.12 and a 1 year high of $38.28. The firm has a market capitalization of $44.44 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. Analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the sale, the insider now owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. This represents a 7.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,863,850 shares of company stock worth $2,772,203,450. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its holdings in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the period. Commerce Bank increased its holdings in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company's stock valued at $736,000 after purchasing an additional 340 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock worth $893,000 after purchasing an additional 342 shares during the period. First American Bank increased its stake in Keurig Dr Pepper by 0.6% in the 1st quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after buying an additional 344 shares during the period. Finally, Barden Capital Management Inc. lifted its position in Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after buying an additional 353 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

About Keurig Dr Pepper

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.

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