Keurig Dr Pepper (NASDAQ:KDP) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Keurig Dr Pepper (NASDAQ:KDP) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $41.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a neutral rating and a $36.00 price objective for the company. Truist Financial upgraded shares of Keurig Dr Pepper from a sell rating to a hold rating and increased their price objective for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Barclays decreased their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an overweight rating for the company in a research note on Friday, July 19th. TD Cowen increased their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a hold rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company 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 research note on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of Moderate Buy and an average target price of $36.50.

Keurig Dr Pepper Trading Up 1.6 %

KDP opened at $33.74 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper has a fifty-two week low of $27.66 and a fifty-two week high of $35.00. The firm has a market capitalization of $45.74 billion, a PE ratio of 21.77, a P/E/G ratio of 2.57 and a beta of 0.62. The company’s 50-day moving average is $33.61 and its 200 day moving average is $32.11.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. As a group, research analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Buying and Selling

In other news, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total value of $580,871.87. Following the transaction, the insider now owns 67,103 shares in the company, valued at $2,253,989.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the transaction, the insider now owns 12,565 shares in the company, valued at $429,597.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares in the company, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Insiders have sold a total of 50,293 shares of company stock worth $1,694,642 in the last 90 days. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morningstar Investment Management LLC raised its holdings in shares of Keurig Dr Pepper by 1.1% during the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after purchasing an additional 328 shares during the last quarter. Kentucky Retirement Systems raised its holdings in shares of Keurig Dr Pepper by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after purchasing an additional 344 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Keurig Dr Pepper by 29.0% during the second quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock valued at $53,000 after purchasing an additional 392 shares during the last quarter. US Bancorp DE raised its holdings in shares of Keurig Dr Pepper by 0.4% during the fourth quarter. US Bancorp DE now owns 121,107 shares of the company’s stock valued at $4,035,000 after purchasing an additional 503 shares during the last quarter. Finally, Marco Investment Management LLC raised its holdings in shares of Keurig Dr Pepper by 2.7% during the fourth quarter. Marco Investment Management LLC now owns 20,650 shares of the company’s stock valued at $688,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

About Keurig Dr Pepper

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.