Brokerages Set Keurig Dr Pepper, Inc (NASDAQ:KDP) Price Target at $32.47

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have been given an average rating of “Hold” by the seventeen brokerages that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $33.0667.

Several analysts recently weighed in on KDP shares. JPMorgan Chase & Co. lifted 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 report on Friday, April 24th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Wednesday, April 22nd. UBS Group lifted their price target on Keurig Dr Pepper from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Evercore set a $30.00 target price on Keurig Dr Pepper in a research report on Friday, April 24th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KDP. Auxier Asset Management lifted its holdings in shares of Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares in the last quarter. Rossby Financial LCC increased its stake in Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares in the last quarter. Wealth Watch Advisors INC raised its holdings in Keurig Dr Pepper by 18.3% during the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after buying an additional 373 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Keurig Dr Pepper by 3.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after buying an additional 405 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after buying an additional 420 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $30.91 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market capitalization of $42.05 billion, a PE ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 0.40. Keurig Dr Pepper has a 1-year low of $24.88 and a 1-year high of $35.94. The business’s fifty day moving average price is $30.79 and its two-hundred day moving average price is $28.83.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly 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 the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, research analysts expect 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 was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

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.