Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives $37.53 Average Price Target from Brokerages

by · The Markets Daily

Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Free Report) has received a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $37.53.

Several equities research analysts recently issued reports on KDP shares. BNP Paribas started coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price on the stock. Barclays lowered their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their target price for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price target on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th.

Read Our Latest Analysis on Keurig Dr Pepper

Institutional Investors Weigh In On Keurig Dr Pepper

A number of large investors have recently added to or reduced their stakes in KDP. Capital World Investors grew its stake in shares of Keurig Dr Pepper by 14.6% during the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after acquiring an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Capital International Investors increased its holdings in Keurig Dr Pepper by 1.3% during the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after purchasing an additional 730,112 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Keurig Dr Pepper by 2.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock valued at $445,648,000 after buying an additional 317,837 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 0.1 %

Shares of KDP opened at $36.20 on Wednesday. Keurig Dr Pepper has a fifty-two week low of $27.66 and a fifty-two week high of $38.28. The stock has a fifty day moving average of $36.27 and a two-hundred day moving average of $34.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The company has a market capitalization of $49.07 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts forecast 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 a boost 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 2.54%. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 59.35%.

Keurig Dr Pepper Company Profile

(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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