Keurig Dr Pepper (NASDAQ:KDP) Upgraded by Piper Sandler to Overweight Rating

Piper Sandler upgraded shares of Keurig Dr Pepper (NASDAQ:KDP) from a neutral rating to an overweight rating in a report published on Wednesday, Marketbeat Ratings reports. They currently have $40.00 price objective on the stock, up from their prior price objective of $35.00.

A number of other research analysts have also commented on KDP. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. TD Cowen dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company restated 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 ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.77.

Keurig Dr Pepper Stock Down 0.6 %

NASDAQ:KDP traded down $0.19 during mid-day trading on Wednesday, reaching $34.50. The stock had a trading volume of 4,847,242 shares, compared to its average volume of 9,868,020. 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 stock has a market cap of $46.81 billion, a P/E ratio of 20.91, a PEG ratio of 2.42 and a beta of 0.54. The business’s 50 day moving average is $33.27 and its 200 day moving average is $33.36. Keurig Dr Pepper has a fifty-two week low of $30.12 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business 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%. Keurig Dr Pepper’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, sell-side analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Transactions at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,409,350 shares of company stock valued at $2,756,709,930. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently bought and sold shares of the business. ST Germain D J Co. Inc. acquired a new position in Keurig Dr Pepper during the 1st quarter worth about $27,000. New Age Alpha Advisors LLC lifted its position in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $35,000. Whipplewood Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $37,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 93.99% 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.