Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Keurig Dr Pepper, Inc has received a consensus recommendation of "Hold" from twenty analysts, with two sell, seven hold, and eleven buy ratings.
• The company's average 12-month price target among analysts is $35.00, indicating potential upside from its current trading price of $25.82.
• Insider trading activity revealed significant stock sales, including 12,000 shares sold by insider Mary Beth Denooyer at an average price of $33.66, representing a 12.70% decrease in her position.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) has earned a consensus rating of "Hold" from the twenty analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.00.

Several equities research analysts have commented on KDP shares. JPMorgan Chase & Co. decreased their price objective on shares of 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. Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Bank of America decreased their price target on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday. BNP Paribas Exane lowered shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research note on Monday, September 22nd. Finally, Cowen restated a "hold" rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st.

Insider Activity at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares in the company, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director owned 2,284,568 shares of the company's stock, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,601 shares of company stock valued at $14,421,512. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC grew its stake in Keurig Dr Pepper by 347.3% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,230 shares of the company's stock valued at $31,000 after buying an additional 955 shares in the last quarter. Czech National Bank grew its stake in Keurig Dr Pepper by 3.9% in the 3rd quarter. Czech National Bank now owns 345,015 shares of the company's stock valued at $8,801,000 after buying an additional 13,025 shares in the last quarter. Sendero Wealth Management LLC grew its stake in Keurig Dr Pepper by 8.6% in the 3rd quarter. Sendero Wealth Management LLC now owns 241,916 shares of the company's stock valued at $6,171,000 after buying an additional 19,093 shares in the last quarter. Oak Thistle LLC grew its stake in Keurig Dr Pepper by 192.9% in the 3rd quarter. Oak Thistle LLC now owns 173,394 shares of the company's stock valued at $4,423,000 after buying an additional 114,198 shares in the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $703,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 0.1%

NASDAQ:KDP opened at $25.82 on Friday. 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 firm has a market cap of $35.07 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. Keurig Dr Pepper has a 52 week low of $25.03 and a 52 week high of $37.27. The firm has a 50-day moving average price of $29.39 and a two-hundred day moving average price of $32.23.

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

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.