Keurig Dr Pepper (NASDAQ:KDP) Rating Increased to Buy at HSBC

HSBC upgraded shares of Keurig Dr Pepper (NASDAQ:KDP - Free Report) from a hold rating to a buy rating in a research note published on Friday, Marketbeat.com reports. They currently have $42.00 price objective on the stock, up from their prior price objective of $36.00.

A number of other equities analysts have also commented on KDP. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.39 during trading hours on Friday, reaching $34.62. The company had a trading volume of 3,411,138 shares, compared to its average volume of 10,018,952. The stock has a 50-day moving average of $34.17 and a two-hundred day moving average of $33.17. Keurig Dr Pepper has a one year low of $30.12 and a one year high of $38.28. The firm has a market capitalization of $47.02 billion, a PE ratio of 20.98, a PEG ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating 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 firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's payout ratio is currently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred 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 transaction, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Townsquare Capital LLC boosted its holdings in Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in 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 last quarter. First American Bank lifted its stake in Keurig Dr Pepper by 0.6% in the first quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after acquiring an additional 344 shares during the last quarter. Barden Capital Management Inc. lifted its stake in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after acquiring an additional 353 shares during the last quarter. Finally, Custom Index Systems LLC lifted its stake in Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after acquiring an additional 357 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

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.