Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $39.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target increased by JPMorgan Chase & Co. from $38.00 to $39.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

KDP has been the topic of a number of other research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Argus restated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, September 15th. UBS Group lifted their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $40.00 in a report on Thursday, August 13th. Finally, Morgan Stanley began coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.78.

Keurig Dr Pepper Trading Down 1.4%

Shares of KDP stock opened at $34.68 on Thursday. The company has a market cap of $47.19 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.65 and a beta of 0.40. Keurig Dr Pepper has a 1 year low of $24.88 and a 1 year high of $35.40. The stock’s 50 day simple moving average is $32.05 and its two-hundred day simple moving average is $30.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. The company’s quarterly revenue was up 75.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Research analysts predict that Keurig Dr Pepper will post 2.30 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Monday, September 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio is 92.93%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KDP. Apollon Wealth Management LLC boosted its position in Keurig Dr Pepper by 26.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 27,124 shares of the company’s stock valued at $823,000 after buying an additional 5,626 shares during the period. Signaturefd LLC increased its position in shares of Keurig Dr Pepper by 44.7% during the third quarter. Signaturefd LLC now owns 12,939 shares of the company’s stock worth $393,000 after acquiring an additional 3,996 shares during the period. Citizens Financial Group Inc. RI increased its position in shares of Keurig Dr Pepper by 12.8% during the third quarter. Citizens Financial Group Inc. RI now owns 9,038 shares of the company’s stock worth $276,000 after acquiring an additional 1,026 shares during the period. Simplicity Wealth LLC bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $250,000. Finally, RWC Asset Management LLP raised its stake in shares of Keurig Dr Pepper by 24.6% during the third quarter. RWC Asset Management LLP now owns 1,556,100 shares of the company’s stock valued at $47,212,000 after acquiring an additional 306,902 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.