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

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDPGet Free Report) have earned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.5714.

KDP has been the topic of several research analyst reports. UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wells Fargo & Company lowered their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Wednesday, April 22nd.

View Our Latest Research Report on KDP

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KDP. AustralianSuper Pty Ltd bought a new stake in Keurig Dr Pepper in the third quarter worth $1,217,000. Bank of New York Mellon Corp lifted its position in shares of Keurig Dr Pepper by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after purchasing an additional 223,160 shares during the last quarter. Candriam S.C.A. lifted its position in shares of Keurig Dr Pepper by 50.9% during the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after purchasing an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Keurig Dr Pepper by 69.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock worth $2,660,000 after purchasing an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its position in shares of Keurig Dr Pepper by 83.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after purchasing an additional 93,374 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 0.0%

NASDAQ:KDP opened at $30.03 on Monday. The firm’s 50-day moving average price is $27.63 and its 200-day moving average price is $27.98. The company has a market capitalization of $40.86 billion, a PE ratio of 22.24, a P/E/G ratio of 1.37 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. On average, equities analysts predict that Keurig Dr Pepper will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Keurig Dr Pepper Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.