Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have been given a consensus rating of “Moderate Buy” by the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.9412.

A number of equities analysts have recently commented on KDP shares. UBS Group raised their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company set a $37.00 price objective on Keurig Dr Pepper in a research note on Wednesday, July 1st. Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research report on Wednesday, July 8th.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Aaron Alt purchased 7,862 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the purchase, the director owned 7,862 shares in the company, valued at approximately $250,247.46. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Angela Stephens sold 9,500 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president directly owned 55,786 shares of the company’s stock, valued at approximately $1,824,202.20. This trade represents a 14.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in Keurig Dr Pepper by 290.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after acquiring an additional 39,156 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock worth $5,030,000 after purchasing an additional 57,797 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Keurig Dr Pepper by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after purchasing an additional 47,184 shares in the last quarter. Fidelity National Financial Inc. acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth $15,349,000. Finally, Anchor Capital Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 13.8% during the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after purchasing an additional 157,438 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $32.59 on Wednesday. The stock has a market cap of $44.35 billion, a PE ratio of 32.92, a PEG ratio of 1.54 and a beta of 0.40. Keurig Dr Pepper has a 12 month low of $24.88 and a 12 month high of $33.82. The company’s 50-day moving average price is $31.29 and its 200-day moving average price is $29.60. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm’s revenue for the quarter was up 75.6% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts forecast that Keurig Dr Pepper will post 2.3 earnings per share for the current year.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.