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

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have been given an average rating of “Hold” by the seventeen ratings firms that are covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.00.

KDP has been the topic of several research reports. Sanford C. Bernstein initiated coverage on shares of Keurig Dr Pepper in a report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a report on Friday, April 24th. Citigroup cut their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $30.76 on Friday. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $35.94. The company’s 50 day moving average is $28.99 and its 200 day moving average is $28.36. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a market cap of $41.85 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the company earned $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Keurig Dr Pepper will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Keurig Dr Pepper by 107.5% during the 1st quarter. NewEdge Advisors LLC now owns 60,388 shares of the company’s stock worth $1,590,000 after purchasing an additional 31,287 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Keurig Dr Pepper by 180.9% during the 1st quarter. Glenmede Trust Co. NA now owns 53,455 shares of the company’s stock worth $1,407,000 after purchasing an additional 34,427 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth approximately $661,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth approximately $266,000. Finally, Groupe la Francaise grew its stake in shares of Keurig Dr Pepper by 13.3% during the 1st quarter. Groupe la Francaise now owns 139,818 shares of the company’s stock worth $3,681,000 after purchasing an additional 16,399 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

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.