Keurig Dr Pepper (NASDAQ:KDP) Sees Strong Trading Volume

Keurig Dr Pepper Inc. (NASDAQ:KDP) saw strong trading volume on Wednesday . 2,196,167 shares traded hands during trading, a decline of 75% from the previous session’s volume of 8,657,091 shares.The stock last traded at $37.65 and had previously closed at $37.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KDP shares. Barclays dropped their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. UBS Group upped their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Finally, BNP Paribas assumed coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Stock Up 0.0 %

The firm has a market cap of $50.85 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.79 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $35.06 and a 200-day moving average price of $33.32.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.45%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 59.35%.

Institutional Trading of Keurig Dr Pepper

A number of institutional investors and hedge funds have recently made changes to their positions in KDP. Blue Trust Inc. increased its position in Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after acquiring an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after acquiring an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $35,000. Finally, Riverview Trust Co purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth $39,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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.