Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.40.

Several brokerages have issued reports on KDP. Wells Fargo & Company lifted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Piper Sandler raised their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Barclays lifted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Finally, UBS Group reissued a “buy” rating and set a $36.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 26th.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors have recently added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new stake in Keurig Dr Pepper during the second quarter worth $26,000. Root Financial Partners LLC bought a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $26,000. Clearstead Trust LLC increased its stake in shares of Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth about $30,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $27.41 on Wednesday. The stock has a market capitalization of $37.24 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.42 and a beta of 0.33. Keurig Dr Pepper has a twelve month low of $25.03 and a twelve month high of $36.12. The company has a 50 day moving average of $28.38 and a 200-day moving average of $27.78. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51.

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

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

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.