Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives Average Recommendation of “Hold” from Brokerages

Keurig Dr Pepper, Inc (NASDAQ:KDP) has been given a consensus rating of “Hold” by the seventeen research firms that are covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $33.0667.

KDP has been the topic of several analyst reports. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Evercore set a $30.00 target price on Keurig Dr Pepper in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th.

Keurig Dr Pepper Trading Down 1.5%

Shares of Keurig Dr Pepper stock opened at $30.44 on Tuesday. The company has a market capitalization of $41.42 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.41 and a beta of 0.40. The stock has a fifty day simple moving average of $30.83 and a 200 day simple moving average of $28.86. Keurig Dr Pepper has a 12-month low of $24.88 and a 12-month 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.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.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 business earned $0.42 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that Keurig Dr Pepper will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.0%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Institutional Investors Weigh In On Keurig Dr Pepper

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

About Keurig Dr Pepper

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.