Keurig Dr Pepper (NASDAQ:KDP) Hits New 52-Week High – Still a Buy?

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $37.90 and last traded at $37.8080, with a volume of 2,475,185 shares. The stock had previously closed at $37.59.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent analyst reports. Barclays raised their price target on Keurig Dr Pepper from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Wells Fargo & Company boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. Evercore upped their price target on Keurig Dr Pepper from $30.00 to $32.00 in a research note on Thursday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Finally, Citigroup lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $37.29.

Keurig Dr Pepper Trading Up 1.2%

The firm has a market cap of $51.77 billion, a P/E ratio of 34.89, a P/E/G ratio of 1.76 and a beta of 0.35. The stock has a 50 day simple moving average of $33.08 and a 200-day simple moving average of $30.30. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.73.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Tuesday, November 3rd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.33 billion. Keurig Dr Pepper had a net margin of 7.12% and a return on equity of 11.27%. Keurig Dr Pepper’s revenue for the quarter was up 70.6% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, equities research analysts expect that Keurig Dr Pepper, Inc will post 2.31 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were given a $0.23 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.92 annualized dividend and a yield of 2.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 84.40%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 9,500 shares of Keurig Dr Pepper 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 completion of the transaction, the vice president directly owned 55,786 shares of the company’s stock, valued at $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aaron E. Alt bought 7,862 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the purchase, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KDP. Legal & General Group Plc purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at $269,336,000. Lone Peak Global Investors LLC increased its stake in Keurig Dr Pepper by 6.2% in the 2nd quarter. Lone Peak Global Investors LLC now owns 1,098,204 shares of the company’s stock worth $35,944,000 after buying an additional 63,646 shares during the period. Moore Capital Management LP purchased a new position in Keurig Dr Pepper in the 2nd quarter worth about $10,584,000. Saudi Central Bank increased its stake in Keurig Dr Pepper by 89.7% in the 2nd quarter. Saudi Central Bank now owns 90,351 shares of the company’s stock worth $2,957,000 after buying an additional 42,712 shares during the period. Finally, Nykredit A S purchased a new position in Keurig Dr Pepper in the 2nd quarter worth about $8,341,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

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.