Keurig Dr Pepper - KDP Stock Forecast, Price & News

Keurig Dr Pepper Inc. operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee. This segment sells its brewers through third-party distributors and retail partners, as well as through its website at keurig.com. The Packaged Beverages segment engages in the manufacture and distribution of packaged beverages of its brands; contract manufacturing of various private label and emerging brand beverages; and distribution of packaged beverages for its partner brands. The Beverage Concentrates segment manufactures and sells beverage concentrates primarily under the Dr Pepper, Canada Dry, A&W, 7UP, Sunkist, Squirt, Big Red, RC Cola, Vernors, Snapple, Mott's, Bai, Hawaiian Punch, Clamato, Yoo-Hoo, Core, ReaLemon, evian, Vita Coco, and Mr and Mrs T mixers brands. This segment also manufactures beverage concentrates into syrup. The Latin America Beverages segment manufactures and distributes carbonated mineral water, flavored carbonated soft drinks, bottled water, and vegetable juice products under the Peñafiel, Clamato, Squirt, Dr Pepper, Crush, and Aguafiel brands. The company serves retailers, bottlers and distributors, restaurants, hotel chains, office coffee distributors, and end-use consumers. Keurig Dr Pepper Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KDP shares. UBS Group raised their price objective on shares of Keurig Dr Pepper from $38.00 to $41.00 and gave the stock a "neutral" rating in a research note on Monday, August 1st. JPMorgan Chase & Co. decreased their price target on Keurig Dr Pepper from $44.00 to $42.00 in a research note on Wednesday, July 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Hold" and an average price target of $40.17.

Keurig Dr Pepper Trading Up 0.7 %

Shares of NASDAQ:KDP traded up $0.28 during trading on Friday, reaching $39.30. 6,209,709 shares of the company were exchanged, compared to its average volume of 6,755,313. The business's fifty day simple moving average is $36.58 and its 200-day simple moving average is $37.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.37. Keurig Dr Pepper has a 12-month low of $32.44 and a 12-month high of $40.07. The firm has a market capitalization of $55.65 billion, a PE ratio of 25.86, a P/E/G ratio of 3.31 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Keurig Dr Pepper had a return on equity of 9.15% and a net margin of 16.39%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the business posted $0.38 EPS. Keurig Dr Pepper's quarterly revenue was up 13.1% on a year-over-year basis. On average, research analysts anticipate that Keurig Dr Pepper will post 1.69 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, June 30th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 49.34%.

Insiders Place Their Bets

In other news, insider Herbert Derek Hopkins sold 37,500 shares of the company's stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $35.55, for a total value of $1,333,125.00. Following the completion of the sale, the insider now owns 174,610 shares of the company's stock, valued at approximately $6,207,385.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Anthony Shoemaker acquired 5,500 shares of the company's stock in a transaction that occurred on Tuesday, May 17th. The shares were bought at an average price of $35.60 per share, with a total value of $195,800.00. Following the completion of the transaction, the insider now directly owns 53,500 shares in the company, valued at $1,904,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Herbert Derek Hopkins sold 37,500 shares of Keurig Dr Pepper stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $35.55, for a total value of $1,333,125.00. Following the completion of the transaction, the insider now owns 174,610 shares in the company, valued at approximately $6,207,385.50. The disclosure for this sale can be found here. In the last three months, insiders have acquired 83,374 shares of company stock worth $3,049,752 and have sold 51,000 shares worth $1,832,925. 1.00% of the stock is owned by company insiders.