Morgan Stanley Issues Positive Forecast for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its target price raised by Morgan Stanley from $36.00 to $38.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other analysts have also issued reports on the stock. TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research report on Tuesday. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, Barclays restated an “overweight” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.74 on Wednesday. The company has a market capitalization of $45.77 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper has a one year low of $28.61 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company’s fifty day moving average price is $31.88 and its 200 day moving average price is $33.94.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Several large investors have recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $297,000. Aurdan Capital Management LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $2,593,000. Mackenzie Financial Corp lifted its position in shares of Keurig Dr Pepper by 12.3% during the fourth quarter. Mackenzie Financial Corp now owns 378,935 shares of the company’s stock worth $12,171,000 after purchasing an additional 41,560 shares in the last quarter. Forum Financial Management LP lifted its position in shares of Keurig Dr Pepper by 69.3% during the fourth quarter. Forum Financial Management LP now owns 23,409 shares of the company’s stock worth $752,000 after purchasing an additional 9,580 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $252,000. 93.99% of the stock is owned by institutional investors.

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.