Keurig Dr Pepper (KDP) Given a $24.00 Price Target at Macquarie

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Macquarie set a $24.00 target price on Keurig Dr Pepper (NYSE:KDP) in a research note published on Friday morning. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. ValuEngine lowered Keurig Dr Pepper from a sell rating to a strong sell rating in a research note on Thursday, August 2nd. Guggenheim assumed coverage on Keurig Dr Pepper in a research report on Thursday, September 13th. They issued a neutral rating and a $22.00 target price on the stock. Zacks Investment Research upgraded Keurig Dr Pepper from a strong sell rating to a hold rating in a research report on Tuesday, September 18th. Citigroup boosted their target price on Keurig Dr Pepper from $15.46 to $26.00 and gave the stock a neutral rating in a research report on Friday, August 10th. Finally, Susquehanna Bancshares assumed coverage on Keurig Dr Pepper in a research report on Wednesday, July 25th. They issued a positive rating and a $33.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $25.38.

Shares of NYSE KDP traded up $0.25 during mid-day trading on Friday, reaching $23.04. The company’s stock had a trading volume of 3,044,758 shares, compared to its average volume of 2,892,750. The firm has a market cap of $32.18 billion, a price-to-earnings ratio of 5.07, a price-to-earnings-growth ratio of 1.33 and a beta of 0.74. The company has a quick ratio of 0.75, a current ratio of 0.93 and a debt-to-equity ratio of 1.52. Keurig Dr Pepper has a 52 week low of $20.46 and a 52 week high of $126.65.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $1.01. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.85 billion. Keurig Dr Pepper had a return on equity of 39.52% and a net margin of 15.98%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper will post 1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be given a $0.15 dividend. The ex-dividend date is Thursday, October 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.60%. Keurig Dr Pepper’s dividend payout ratio is currently 13.22%.

In related news, Director Robert S. Singer acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were acquired at an average cost of $23.75 per share, for a total transaction of $237,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maria A. Sceppaguercio-Gever acquired 49,638 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were bought at an average price of $23.91 per share, for a total transaction of $1,186,844.58. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 185,270 shares of company stock worth $4,338,850. Company insiders own 0.58% of the company’s stock.

A number of hedge funds have recently modified their holdings of KDP. Cerebellum GP LLC purchased a new stake in Keurig Dr Pepper during the third quarter valued at approximately $188,000. Wendell David Associates Inc. purchased a new stake in Keurig Dr Pepper during the third quarter valued at approximately $213,000. Bath Savings Trust Co purchased a new stake in Keurig Dr Pepper during the third quarter valued at approximately $409,000. KCM Investment Advisors LLC purchased a new stake in Keurig Dr Pepper during the second quarter valued at approximately $677,000. Finally, Bank of Montreal Can purchased a new stake in Keurig Dr Pepper during the third quarter valued at approximately $1,699,000. Institutional investors and hedge funds own 11.55% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

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