Keurig Dr Pepper Inc. (NASDAQ:KDP) shares traded 0.15% higher at $33.36 on Wall Street last session.
In accordance with the data, 18 analysts cover Keurig Dr Pepper Inc. (NASDAQ:KDP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $30.00, we find $40.00. Given the previous closing price of $33.31, this indicates a potential upside of 20.08 percent. KDP stock price is now 1.42% away from the 50-day moving average and -2.58% away from the 200-day moving average. The market capitalization of the company currently stands at $46.54B.
It has been rated a hold by 7 analysts and a buy by 8. Brokers who have rated the stock have averaged $38.76 as their price target over the next twelve months.
With the price target enhanced from $37 to $42, UBS Upgraded its rating from Neutral to Buy for Keurig Dr Pepper Inc. (NASDAQ: KDP).
In other news, Rotem-Wildeman Karin, Chief R&D Officer bought 5,884 shares of the company’s stock on Aug 03. The stock was bought for $200,056 at an average price of $34.00. Upon completion of the transaction, the Chief R&D Officer now directly owns 62,398 shares in the company, valued at $2.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, Chief R&D Officer Rotem-Wildeman Karin bought 47,000 shares of the business’s stock. A total of $1,615,390 was incurred on buying the stock at an average price of $34.37. This leaves the insider owning 56,514 shares of the company worth $1.89 million. Insiders disposed of 119,577,021 shares of company stock worth roughly $3.99 billion over the past 1 year. A total of 37.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KDP stock. A new stake in Keurig Dr Pepper Inc. shares was purchased by ARMISTICE CAPITAL, LLC during the first quarter worth $44,936,000. WEISS MULTI-STRATEGY ADVISERS LLC invested $38,054,000 in shares of KDP during the first quarter. In the first quarter, EMINENCE CAPITAL, LP acquired a new stake in Keurig Dr Pepper Inc. valued at approximately $36,169,000. TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA acquired a new stake in KDP for approximately $30,456,000. HOLOCENE ADVISORS, LP purchased a new stake in KDP valued at around $20,022,000 in the second quarter. In total, there are 1,018 active investors with 54.10% ownership of the company’s stock.
During the past 12 months, Keurig Dr Pepper Inc. has had a low of $30.47 and a high of $39.73. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 0.40, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $60.50B, which is based on a 29.50 price-to-earnings ratio, a 4.25 price-to-earnings-growth ratio, and a beta of 0.58. The fifty day moving average price for KDP is $32.94 and a two-hundred day moving average price translates $34.22 for the stock.
The latest earnings results from Keurig Dr Pepper Inc. (NASDAQ: KDP) was released for Jun, 2023. The net profit margin was 11.00% and return on equity was 6.40% for KDP. The company reported revenue of $3.79 billion for the quarter, compared to $3.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.61 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/30/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 2.40% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, KDP is presently at 70.30%.
Keurig Dr Pepper Inc.(KDP) Company Profile
Keurig Dr Pepper Inc. operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee. This segment sells its brewers through third-party distributors and retail partners, as well as through its website at keurig.com. The Packaged Beverages segment engages in the manufacture and distribution of packaged beverages of company’s brands; contract manufacturing of various private label and emerging brand beverages; and distribution of packaged beverages for partner brands. The Beverage Concentrates segment manufactures and sells beverage concentrates primarily under the Dr Pepper, Canada Dry, Schweppes, Crush, A&W, Sunkist, 7UP, SunDrop, Squirt, Big Red, Hawaiian Punch, and RC Cola brands. This segment also manufactures beverage concentrates into syrup. The Latin America Beverages segment manufactures and distributes carbonated mineral water, flavored carbonated soft drinks, bottled water, and vegetable juice products under the Peñafiel, Clamato, Squirt, Mott’s, Dr Pepper, Crush, and Aguafiel brands. The company serves retailers, bottlers and distributors, restaurants, hotel chains, office coffee distributors, and end-use consumers. Keurig Dr Pepper Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.
