Keurig Dr Pepper (NASDAQ:KDP) Price Target Cut to $28.00 by Analysts at Deutsche Bank Aktiengesellschaft

Keurig Dr Pepper (NASDAQ:KDP) had its price objective cut by Deutsche Bank Aktiengesellschaft from $34.00 to $28.00 in a report published on Monday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Wells Fargo & Company raised their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Finally, Barclays boosted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and an average price target of $34.73.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $26.45 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. The stock has a fifty day moving average price of $28.19 and a two-hundred day moving average price of $27.65. Keurig Dr Pepper has a 52-week low of $25.03 and a 52-week high of $36.12. The firm has a market capitalization of $35.94 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.36 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is currently 60.13%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KDP. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $727,667,000. Norges Bank acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $568,361,000. Capital International Investors lifted its stake in Keurig Dr Pepper by 1,987.4% in the fourth quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after buying an additional 16,050,437 shares during the period. Wellington Management Group LLP boosted its holdings in Keurig Dr Pepper by 37.0% during the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after buying an additional 15,393,753 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after buying an additional 9,494,503 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.