Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Consensus Rating of “Hold” by Brokerages

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have been assigned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $35.2667.

A number of brokerages have recently issued reports on KDP. BNP Paribas lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. Finally, TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st.

Keurig Dr Pepper Stock Up 0.8%

KDP stock opened at $27.91 on Monday. Keurig Dr Pepper has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a 50-day simple moving average of $26.79 and a 200-day simple moving average of $30.42. The stock has a market capitalization of $37.91 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company posted $0.51 EPS. Keurig Dr Pepper’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Institutional Trading of Keurig Dr Pepper

Several hedge funds have recently made changes to their positions in KDP. Vanguard Group Inc. grew its holdings in shares of Keurig Dr Pepper by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after purchasing an additional 14,244,768 shares during the period. State Street Corp lifted its stake in Keurig Dr Pepper by 1.6% during the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after purchasing an additional 986,700 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock worth $1,330,565,000 after purchasing an additional 20,196,835 shares in the last quarter. Invesco Ltd. boosted its position in shares of Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after buying an additional 9,494,503 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Keurig Dr Pepper by 13.5% in the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after buying an additional 3,595,579 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.