Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $41.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price lifted by JPMorgan Chase & Co. from $39.00 to $41.00 in a report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also commented on KDP. Piper Sandler reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 14th. TD Cowen upped their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley increased their target price on Keurig Dr Pepper from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.29.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $0.26 during midday trading on Wednesday, hitting $36.63. 15,802,005 shares of the company’s stock were exchanged, compared to its average volume of 15,076,574. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average price is $32.87 and its two-hundred day moving average price is $30.20. The company has a market cap of $49.85 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.75 and a beta of 0.35. Keurig Dr Pepper has a 12-month low of $24.88 and a 12-month high of $37.88.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, November 3rd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.33 billion. During the same period last year, the firm posted $0.54 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 70.6% on a year-over-year basis. As a group, research analysts forecast that Keurig Dr Pepper will post 2.31 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 84.40%.

Insiders Place Their Bets

In related news, Director Aaron E. Alt bought 7,862 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $31.83 per share, with a total value of $250,247.46. Following the purchase, the director owned 7,862 shares in the company, valued at approximately $250,247.46. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Angela A. Stephens sold 9,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the sale, the vice president owned 55,786 shares of the company’s stock, valued at $1,824,202.20. This represents a 14.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by insiders.

Institutional Trading of Keurig Dr Pepper

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Keurig Dr Pepper in the second quarter worth approximately $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter valued at $767,105,000. Dimensional Fund Advisors LP boosted its position in Keurig Dr Pepper by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after buying an additional 103,505 shares during the period. Bank of America Corp DE purchased a new position in shares of Keurig Dr Pepper in the second quarter valued at about $281,503,000. Finally, Legal & General Group Plc purchased a new position in shares of Keurig Dr Pepper in the second quarter valued at about $269,336,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper News Roundup

Here are the key news stories impacting Keurig Dr Pepper this week:

• Positive Sentiment: Ghost Energy has become KDP’s fourth brand with more than $1 billion in annual sales, reinforcing the scale of its energy-drink business and adding to its growth story. Ghost Energy becomes Keurig Dr Pepper’s fourth $1 billion brand
• Positive Sentiment: Analyst actions provide additional support: Barclays raised its target to $41 and kept an overweight rating, while UBS raised its target to $42 and maintained a buy rating. Higher targets suggest analysts see further potential in the shares. Barclays price target UBS price target
• Neutral Sentiment: KDP’s planned 2027 split could help investors value its beverage and coffee businesses separately. However, recent results point to a mixed outlook: beverage and energy growth contrasts with weaker coffee demand, leaving open whether the separation will create value. Keurig Dr Pepper’s Beverage Growth Raises a Tough Question About Its Coffee Split Analysts weigh split plans
• Neutral Sentiment: A comparison of beverage companies’ dividend prospects raises questions about payout resilience and financial cushions, but the supplied headline does not specify a KDP-specific conclusion. Dividend comparison of Coca-Cola, PepsiCo and Keurig Dr Pepper

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.