Keurig Dr Pepper, Inc (NASDAQ:KDP) Receives $32.00 Consensus PT from Brokerages

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.40.

KDP has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday. Citigroup dropped their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Sanford C. Bernstein assumed coverage on shares of Keurig Dr Pepper in a report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 price objective for the company. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Wednesday, April 22nd. 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

KDP stock opened at $32.52 on Friday. The firm has a 50 day moving average of $29.51 and a 200-day moving average of $28.46. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper has a 12 month low of $24.88 and a 12 month high of $35.94. The firm has a market capitalization of $44.25 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.43 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced 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. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the business posted $0.42 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KDP. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $26,000. Meeder Asset Management Inc. increased its position in Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares during the period. Clearstead Trust LLC increased its position in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares during the period. Activest Wealth Management increased its position in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $31,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

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.