Keurig Dr Pepper (NASDAQ:KDP – Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $33.00 to $38.00 in a report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.
A number of other analysts have also recently issued reports on the company. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Barclays upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $36.00 in a report on Thursday, June 25th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Citigroup increased their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.40.
View Our Latest Analysis on KDP
Keurig Dr Pepper Price Performance
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, research analysts anticipate that Keurig Dr Pepper will post 2.29 earnings per share for the current year.
Keurig Dr Pepper Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.
Institutional Trading of Keurig Dr Pepper
Several large investors have recently bought and sold shares of the company. Auxier Asset Management grew its holdings in Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares during the period. Rossby Financial LCC grew its holdings in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the period. Wealth Watch Advisors INC grew its holdings in Keurig Dr Pepper by 18.3% during the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares during the period. Park Avenue Securities LLC increased its stake in Keurig Dr Pepper by 3.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after purchasing an additional 405 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in Keurig Dr Pepper by 19.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after purchasing an additional 420 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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