Keurig Dr Pepper (NASDAQ:KDP) Research Coverage Started at Argus

Argus began coverage on shares of Keurig Dr Pepper (NASDAQ:KDP) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $40.00 price objective on the stock.

KDP has been the subject of several other research reports. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.21.

Keurig Dr Pepper Stock Up 0.9 %

Shares of NASDAQ KDP opened at $35.41 on Wednesday. The company has a 50 day simple moving average of $33.82 and a 200 day simple moving average of $33.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper has a 1 year low of $30.12 and a 1 year high of $38.28. The firm has a market cap of $48.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.60%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

Insider Activity at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. The trade was a 7.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Several large investors have recently made changes to their positions in KDP. ST Germain D J Co. Inc. bought a new position in Keurig Dr Pepper during the first quarter valued at about $27,000. New Age Alpha Advisors LLC boosted its stake in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $42,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Keurig Dr Pepper in the 1st quarter worth approximately $48,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

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.