Keurig Dr Pepper (NASDAQ:KDP) Now Covered by Argus

Argus started coverage on shares of Keurig Dr Pepper (NASDAQ:KDP) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $40.00 target price on the stock.

A number of other analysts have also recently issued reports on the company. Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.21.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $35.41 on Wednesday. The firm has a market cap of $48.04 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $33.82 and its 200-day moving average is $33.28. Keurig Dr Pepper has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. Sell-side analysts predict that Keurig Dr Pepper will post 1.92 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 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 87.62%.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of KDP. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Keurig Dr Pepper by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after buying an additional 242,315 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Keurig Dr Pepper by 53.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock valued at $10,400,000 after purchasing an additional 112,819 shares in the last quarter. Franklin Resources Inc. raised its stake in Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after buying an additional 41,466 shares in the last quarter. Swedbank AB lifted its holdings in Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after buying an additional 13,179 shares during the period. Finally, RWC Asset Management LLP grew its holdings in shares of Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after acquiring an additional 398,916 shares during the period. 93.99% of the stock is currently owned by hedge funds and other 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.