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

Key Points

• Keurig Dr Pepper, Inc. (NASDAQ:KDP) has received a consensus recommendation of “Moderate Buy” from fourteen research firms, with three holding and eleven issuing buy ratings.
• The company recently announced a quarterly dividend of $0.23 per share, yielding around 3.4%, with a payout ratio of 82.14%.
• Institutional investors own approximately 93.99% of Keurig Dr Pepper's stock, reflecting significant interest from hedge funds and investors in recent quarters.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $38.1538.

A number of equities research analysts have commented on KDP shares. Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a research report on Monday, August 25th. Barclays raised their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. Finally, UBS Group decreased their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 459,601 shares of company stock valued at $15,228,872 over the last three months. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors have recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the 1st quarter valued at approximately $25,000. Chung Wu Investment Group LLC acquired a new position in Keurig Dr Pepper during the second quarter valued at approximately $26,000. NewSquare Capital LLC increased its stake in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company's stock valued at $26,000 after purchasing an additional 386 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper in the second quarter worth $26,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of Keurig Dr Pepper during the first quarter worth $27,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 0.8%

Shares of KDP opened at $26.96 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a market cap of $36.62 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.46 and a beta of 0.47. The stock has a fifty day moving average price of $32.06 and a two-hundred day moving average price of $33.17. Keurig Dr Pepper has a 52-week low of $26.58 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. 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 will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper's payout ratio is 82.14%.

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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