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

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have been given an average rating of “Moderate Buy” by the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $37.53.

A number of equities research analysts have recently issued reports on KDP shares. Wells Fargo & Company upped their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. TD Cowen raised their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Barclays cut their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, UBS Group upped their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th.

Institutional Trading of Keurig Dr Pepper

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in shares of Keurig Dr Pepper by 254.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock worth $2,941,000 after purchasing an additional 68,840 shares during the period. Twin Tree Management LP purchased a new stake in Keurig Dr Pepper during the first quarter worth approximately $512,000. Confluence Investment Management LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter worth $11,375,000. PBCay One RSC Ltd purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $1,543,000. Finally, FORA Capital LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $4,519,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $37.19 on Wednesday. The company has a market cap of $50.41 billion, a PE ratio of 23.99, a P/E/G ratio of 2.86 and a beta of 0.62. The firm’s 50 day moving average price is $36.03 and its 200-day moving average price is $33.92. 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 52-week low of $27.66 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm earned $0.42 earnings per share. Keurig Dr Pepper’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders 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. The ex-dividend date is Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.47%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

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.