Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $36.00 at Barclays

Keurig Dr Pepper (NASDAQ:KDPFree Report) had its price target lifted by Barclays from $32.00 to $36.00 in a report published on Friday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Wedbush cut their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an outperform rating for the company in a research note on Monday, February 26th. HSBC started coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They set a hold rating and a $37.00 price target for the company. Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a buy rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada cut their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating for the company in a research note on Friday, February 23rd. Finally, Morgan Stanley cut their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an equal weight rating for the company in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $36.45.

View Our Latest Report on Keurig Dr Pepper

Keurig Dr Pepper Trading Up 0.7 %

Shares of NASDAQ:KDP opened at $30.43 on Friday. The company has a market cap of $42.22 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.30 and a beta of 0.66. The stock’s 50-day moving average is $30.27 and its 200-day moving average is $31.01. Keurig Dr Pepper has a 52-week low of $27.66 and a 52-week high of $35.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts predict that Keurig Dr Pepper will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.83%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Insider Activity

In other news, CFO Priyadarshi Sudhanshu bought 85,910 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, with a total value of $2,499,981.00. Following the acquisition, the chief financial officer now owns 218,566 shares in the company, valued at $6,360,270.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now owns 218,566 shares in the company, valued at $6,360,270.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares in the company, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in shares of Keurig Dr Pepper by 14.1% during the first quarter. American Century Companies Inc. now owns 16,908 shares of the company’s stock worth $641,000 after purchasing an additional 2,093 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Keurig Dr Pepper by 18.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company’s stock worth $812,000 after purchasing an additional 3,263 shares during the period. Private Advisor Group LLC increased its holdings in shares of Keurig Dr Pepper by 11.9% during the first quarter. Private Advisor Group LLC now owns 15,904 shares of the company’s stock worth $603,000 after purchasing an additional 1,697 shares during the period. MetLife Investment Management LLC bought a new position in shares of Keurig Dr Pepper during the first quarter worth approximately $530,000. Finally, Yousif Capital Management LLC increased its holdings in shares of Keurig Dr Pepper by 11.6% during the first quarter. Yousif Capital Management LLC now owns 16,053 shares of the company’s stock worth $608,000 after purchasing an additional 1,669 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

About Keurig Dr Pepper

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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.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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