Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Keurig Dr Pepper, Inc has received a consensus rating of “Moderate Buy” from fifteen analysts, with twelve issuing buy ratings and one assigning a strong buy.
• Recent performance shows Keurig Dr Pepper reported $0.49 EPS for the last quarter, meeting analysts' expectations, alongside a revenue of $4.16 billion.
• Brokerage firms have varied in their price targets, with HSBC raising their target to $42.00 while UBS has decreased it to $40.00.

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $39.7692.

A number of brokerages have commented on KDP. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. UBS Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Barclays increased their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Finally, Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director De Ven Michael G. Van acquired 15,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $498,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 679,601 shares of company stock valued at $22,508,712 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its position in Keurig Dr Pepper by 10.8% during the fourth quarter. MML Investors Services LLC now owns 50,367 shares of the company's stock valued at $1,618,000 after purchasing an additional 4,928 shares in the last quarter. MGO One Seven LLC lifted its holdings in shares of Keurig Dr Pepper by 6.2% during the fourth quarter. MGO One Seven LLC now owns 13,172 shares of the company's stock worth $423,000 after purchasing an additional 771 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in Keurig Dr Pepper by 18.2% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,051,900 shares of the company's stock worth $33,787,000 after buying an additional 162,000 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in Keurig Dr Pepper by 6.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 13,087 shares of the company's stock valued at $420,000 after acquiring an additional 801 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of Keurig Dr Pepper by 14.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 10,288 shares of the company's stock worth $330,000 after buying an additional 1,316 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 0.2%

Shares of KDP stock opened at $35.13 on Friday. Keurig Dr Pepper has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a market cap of $47.72 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.57 and a beta of 0.45. The business's 50 day moving average is $33.71 and its two-hundred day moving average is $33.63.

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

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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