Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Average Recommendation of “Hold” by Analysts

Keurig Dr Pepper, Inc (NASDAQ:KDP) has earned an average rating of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.4667.

A number of equities research analysts have recently commented on KDP shares. Deutsche Bank Aktiengesellschaft cut their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. UBS Group increased their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. 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.

Institutional Investors Weigh In On Keurig Dr Pepper

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in Keurig Dr Pepper by 290.3% during the fourth 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. Polar Asset Management Partners Inc. purchased a new position in Keurig Dr Pepper in the third quarter worth about $2,551,000. Merit Financial Group LLC grew its stake in shares of Keurig Dr Pepper by 194.6% during the 4th quarter. Merit Financial Group LLC now owns 87,054 shares of the company’s stock valued at $2,438,000 after purchasing an additional 57,500 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of 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 valued at $5,030,000 after purchasing an additional 57,797 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Keurig Dr Pepper by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock valued at $43,489,000 after purchasing an additional 47,184 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.25 on Tuesday. Keurig Dr Pepper has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The firm’s 50-day simple moving average is $30.63 and its two-hundred day simple moving average is $28.77. The stock has a market cap of $42.52 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Keurig Dr Pepper Company Profile

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.