Analysts Set Keurig Dr Pepper Inc. (NASDAQ:KDP) PT at $36.50

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $36.50.

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Barclays lowered their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Wells Fargo & Company raised their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently bought and sold shares of KDP. Farmers & Merchants Investments Inc. boosted its holdings in shares of Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. Federated Hermes Inc. boosted its stake in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after buying an additional 314 shares in the last quarter. Morningstar Investment Management LLC grew its position in Keurig Dr Pepper by 1.1% during the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after acquiring an additional 328 shares during the last quarter. Kentucky Retirement Systems raised its stake in shares of Keurig Dr Pepper by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after acquiring an additional 344 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Keurig Dr Pepper by 29.0% in the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $37.61 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $51.00 billion, a PE ratio of 24.26, a PEG ratio of 2.79 and a beta of 0.62. The stock’s 50 day moving average price is $34.85 and its 200-day moving average price is $33.16. Keurig Dr Pepper has a twelve month low of $27.66 and a twelve month high of $37.69.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. On average, equities analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently declared 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 represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Keurig Dr Pepper Company Profile

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.