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

by · The Cerbat Gem

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $37.53.

Several equities analysts have recently weighed in on KDP shares. TD Cowen lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. UBS Group lifted their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price objective for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd.

View Our Latest Stock Report on Keurig Dr Pepper

Institutional Trading of Keurig Dr Pepper

Institutional investors have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. lifted its position in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Morningstar Investment Management LLC lifted its holdings in shares of Keurig Dr Pepper by 1.1% during the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after purchasing an additional 328 shares during the period. Mather Group LLC. lifted its holdings in shares of Keurig Dr Pepper by 29.0% during the second quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after purchasing an additional 392 shares during the period. Finally, Mckinley Capital Management LLC lifted its holdings in Keurig Dr Pepper by 1.6% in the first quarter. Mckinley Capital Management LLC now owns 37,112 shares of the company’s stock valued at $1,138,000 after acquiring an additional 595 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

KDP opened at $36.39 on Wednesday. The firm has a market cap of $49.33 billion, a P/E ratio of 23.48, a PEG ratio of 2.86 and a beta of 0.62. The firm has a 50-day moving average of $36.23 and a 200 day moving average of $34.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper has a fifty-two week low of $27.66 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

About Keurig Dr Pepper

(Get Free Report

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.

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