Penny Stocks – Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Average Rating of “Hold” from Brokerages
Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have earned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $35.75.
A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, April 27th. JPMorgan Chase & Co. raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $33.00 to $39.00 in a research note on Thursday, March 25th. Morgan Stanley lifted their target price on Keurig Dr Pepper from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, April 30th. Evercore ISI reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research report on Monday. Finally, Sanford C. Bernstein assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 19th. They set an “outperform” rating and a $40.00 target price on the stock.
Shares of KDP stock opened at $36.00 on Thursday. Keurig Dr Pepper has a 1-year low of $25.91 and a 1-year high of $36.45. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The stock has a market cap of $50.65 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.83 and a beta of 0.63. The stock has a 50-day moving average of $35.24 and a 200-day moving average of $32.36.
Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 29th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Keurig Dr Pepper had a net margin of 11.40% and a return on equity of 8.33%. Sell-side analysts forecast that Keurig Dr Pepper will post 1.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Thursday, April 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 31st. Keurig Dr Pepper’s dividend payout ratio is currently 49.18%.
In other Keurig Dr Pepper news, insider Justin Whitmore bought 3,289 shares of the firm’s stock in a transaction dated Monday, May 3rd. The stock was bought at an average cost of $36.18 per share, with a total value of $118,996.02. Following the completion of the transaction, the insider now directly owns 72,284 shares in the company, valued at approximately $2,615,235.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.41% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KDP. TD Ameritrade Investment Management LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $25,000. First Horizon Corp grew its stake in Keurig Dr Pepper by 7,461.5% in the 4th quarter. First Horizon Corp now owns 983 shares of the company’s stock valued at $31,000 after purchasing an additional 970 shares during the period. Crescent Capital Consulting LLC bought a new position in Keurig Dr Pepper in the 4th quarter valued at $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $32,000. Finally, Tompkins Financial Corp bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth $51,000. 37.85% of the stock is owned by institutional investors and hedge funds.
Keurig Dr Pepper 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 offers Keurig single serve brewers and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.
Recommended Story: Arbitrage
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: Risk Tolerance
7 Penny Stocks That Don’t Care About Robinhood
By the time you read this Vladimir Tenev, the CEO of the trading app Robinhood, will be testifying in front of Congress. The company’s role in the GameStop (((NYSE:GM)E)) short squeeze will be called into question.
However, the real issue at stake is the right of traders to buy and sell the equities of their choice. In the case of Robinhood, some traders are buying a lot of penny stocks. While definitions vary, penny stocks are generally considered stocks that are trading for less than $10 per share. These stocks are largely ignored by the investment community.
One reason is that many of these stocks are cheap for a reason. For example, the company may have a business model that is out of date. In other cases, they operate in a very small, niche market that doesn’t drive a lot of revenue.
And most of these stocks are ignored by the investment community. They simply aren’t considered significant enough to spend time debating.
But some penny stocks do have the attention of Wall Street. And they’re being largely ignored by the day trading community. The focus of this special presentation is to direct you to penny stocks that have a story that the “smart money” thinks will eventually be trading at much higher prices.
And that’s why you should be looking at them now.
View the “7 Penny Stocks That Don’t Care About Robinhood”.