Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives Average Recommendation of “Hold” from Brokerages

Keurig Dr Pepper, Inc (NASDAQ:KDP) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $31.5714.

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd. Citigroup reduced their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Barclays upped their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th.

Keurig Dr Pepper Stock Performance

KDP stock opened at $29.12 on Monday. The firm has a market cap of $39.62 billion, a PE ratio of 21.57, a P/E/G ratio of 1.33 and a beta of 0.41. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $27.38 and a 200-day moving average of $27.87. Keurig Dr Pepper has a 12-month low of $24.88 and a 12-month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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%.Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. As a group, sell-side analysts expect that Keurig Dr Pepper will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of the company. AustralianSuper Pty Ltd bought a new position in shares of Keurig Dr Pepper in the third quarter worth $1,217,000. Bank of New York Mellon Corp increased its holdings in shares of Keurig Dr Pepper by 2.9% in 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 period. Candriam S.C.A. increased its holdings in shares of Keurig Dr Pepper by 50.9% in 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 period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Keurig Dr Pepper by 69.9% in 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 period. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of Keurig Dr Pepper by 83.7% in 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 period. Hedge funds and other institutional investors 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.