Keurig Dr Pepper (NASDAQ:KDP) Price Target Lowered to $32.00 at UBS Group

Keurig Dr Pepper (NASDAQ:KDP) had its price objective decreased by UBS Group from $36.00 to $32.00 in a research note published on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on KDP. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Wells Fargo & Company lifted their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Barclays lifted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and a consensus price target of $34.07.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $25.47 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $27.94 and its two-hundred day simple moving average is $27.58. Keurig Dr Pepper has a 1-year low of $24.88 and a 1-year high of $35.94. The stock has a market cap of $34.61 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.28 and a beta of 0.35.

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

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s payout ratio is currently 60.13%.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC grew its holdings in Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after buying an additional 49,741 shares in the last quarter. Woodline Partners LP grew its holdings in Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after buying an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Keurig Dr Pepper during the 2nd quarter valued at about $328,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Keurig Dr Pepper by 165.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,364 shares of the company’s stock valued at $343,000 after buying an additional 6,453 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

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.