Keurig Dr Pepper (NASDAQ:KDP) PT Lowered to $41.00 at Jefferies Financial Group

Keurig Dr Pepper (NASDAQ:KDP) had its price target cut by Jefferies Financial Group from $42.00 to $41.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also weighed in on KDP. Deutsche Bank Aktiengesellschaft increased their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday. Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Finally, Barclays lifted their target price on Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $38.36.

Keurig Dr Pepper Stock Down 2.1 %

NASDAQ KDP opened at $33.86 on Friday. The stock has a market cap of $45.90 billion, a PE ratio of 21.85, a P/E/G ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper has a 12 month low of $28.61 and a 12 month high of $38.28. The stock’s 50 day moving average is $36.69 and its 200 day moving average is $34.69. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Research analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change 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 2.72%. Keurig Dr Pepper’s payout ratio is currently 59.35%.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Michigan Retirement System lifted its stake in shares of Keurig Dr Pepper by 3.6% in the 1st quarter. State of Michigan Retirement System now owns 285,400 shares of the company’s stock valued at $8,753,000 after purchasing an additional 9,800 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Keurig Dr Pepper by 0.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,084,471 shares of the company’s stock valued at $94,601,000 after buying an additional 9,674 shares during the period. Norden Group LLC purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter valued at $1,315,000. Maryland State Retirement & Pension System increased its holdings in Keurig Dr Pepper by 2.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 74,810 shares of the company’s stock worth $2,297,000 after purchasing an additional 2,023 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in 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. Institutional investors and hedge funds own 85.23% of the company’s stock.

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.