Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Consensus Recommendation of “Hold” by Brokerages

Keurig Dr Pepper, Inc (NASDAQ:KDP) has earned a consensus rating of “Hold” from the nineteen analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $35.2667.

Several research firms have recently commented on KDP. BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Piper Sandler lowered their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Wells Fargo & Company increased their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. TD Cowen decreased their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Finally, Citigroup lowered their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th.

Institutional Trading of Keurig Dr Pepper

A number of hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the first quarter worth about $25,000. Chung Wu Investment Group LLC purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at about $26,000. NewSquare Capital LLC raised its holdings in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. AlphaCore Capital LLC purchased a new position in Keurig Dr Pepper during the second quarter worth approximately $26,000. Finally, Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper in the third quarter valued at approximately $26,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 0.8%

Keurig Dr Pepper stock opened at $27.91 on Monday. The business’s 50-day simple moving average is $26.79 and its two-hundred day simple moving average is $30.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The company has a market cap of $37.91 billion, a PE ratio of 24.06, a PEG ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

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.