Keurig Dr Pepper (NASDAQ:KDP) Shares Gap Up to $32.34

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $32.34, but opened at $33.95. Keurig Dr Pepper shares last traded at $33.56, with a volume of 2,772,037 shares.

Wall Street Analyst Weigh In

KDP has been the topic of several research reports. Morgan Stanley lowered their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a report on Monday, February 26th. Wedbush decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Barclays increased their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus target price of $36.45.

Keurig Dr Pepper Price Performance

The company has a 50-day moving average of $30.35 and a two-hundred day moving average of $31.05. The stock has a market capitalization of $46.96 billion, a PE ratio of 21.83, a P/E/G ratio of 2.42 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.54%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.48%.

Insider Activity

In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert S. Singer sold 12,132 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now owns 37,643 shares of the company's stock, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Achmea Investment Management B.V. grew its position in shares of Keurig Dr Pepper by 0.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company's stock worth $1,226,000 after acquiring an additional 324 shares in the last quarter. Morningstar Investment Management LLC grew its position in shares of Keurig Dr Pepper by 1.1% in the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company's stock worth $1,051,000 after acquiring an additional 328 shares in the last quarter. Kentucky Retirement Systems grew its position in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company's stock worth $2,684,000 after acquiring an additional 344 shares in the last quarter. Operose Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 28.7% in the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company's stock worth $53,000 after purchasing an additional 373 shares during the last quarter. Finally, Mckinley Capital Management LLC lifted its holdings in shares of Keurig Dr Pepper by 1.3% in the 3rd quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company's stock worth $1,129,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Keurig Dr Pepper Company Profile

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.