Analysts Set Keurig Dr Pepper, Inc (NASDAQ:KDP) PT at $31.57

Keurig Dr Pepper, Inc (NASDAQ:KDP) has received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.5714.

Several analysts recently weighed in on KDP shares. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays raised their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Finally, UBS Group upped their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KDP. Auxier Asset Management boosted its holdings in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares in the last quarter. Rossby Financial LCC increased its stake in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the period. Wealth Watch Advisors INC raised its holdings in Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after buying an additional 373 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after buying an additional 405 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in Keurig Dr Pepper by 19.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after buying an additional 420 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $30.03 on Monday. The company has a 50 day moving average of $27.63 and a 200-day moving average of $27.99. Keurig Dr Pepper has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a market cap of $40.86 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.37 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that Keurig Dr Pepper will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.