Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $40.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price hoisted by Wells Fargo & Company from $35.00 to $40.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on the company. UBS Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Barclays raised their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Finally, Piper Sandler upped their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Stock Down 0.2%

Shares of NASDAQ KDP opened at $30.28 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.38. The company has a 50-day moving average price of $28.33 and a 200-day moving average price of $28.24. The stock has a market capitalization of $41.14 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.62 and a beta of 0.34. Keurig Dr Pepper has a 1 year low of $25.03 and a 1 year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, equities research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 60.13%.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Large investors have recently bought and sold shares of the company. Asset Dedication LLC lifted its position in shares of Keurig Dr Pepper by 3.8% during the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after buying an additional 288 shares during the last quarter. Auxier Asset Management raised its stake in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares during the period. Rossby Financial LCC lifted its holdings in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC boosted its position 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 purchasing an additional 373 shares during the period. Finally, NewSquare Capital LLC increased its stake in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares in the last quarter. 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.