Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Get Free Report) have received an average rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.00.
A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Barclays upped their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Finally, UBS Group upped their price target 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.
Get Our Latest Report on Keurig Dr Pepper
Keurig Dr Pepper Price Performance
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the firm posted $0.42 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper will post 2.29 EPS for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in KDP. Northwestern Mutual Wealth Management Co. increased its stake in shares of Keurig Dr Pepper by 290.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after acquiring an additional 39,156 shares during the last quarter. Elo Mutual Pension Insurance Co increased its stake in shares of Keurig Dr Pepper by 83.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after acquiring an additional 93,374 shares during the last quarter. Ossiam increased its stake in shares of Keurig Dr Pepper by 508.0% in the 3rd quarter. Ossiam now owns 726,288 shares of the company’s stock valued at $18,528,000 after acquiring an additional 606,826 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $2,551,000. Finally, PNC Financial Services Group Inc. increased its stake in Keurig Dr Pepper by 47.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock worth $5,030,000 after purchasing an additional 57,797 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.
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.
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