Keurig Dr Pepper (NASDAQ:KDP) Price Target Cut to $32.00 by Analysts at JPMorgan Chase & Co.

Keurig Dr Pepper (NASDAQ:KDP) had its price objective lowered by JPMorgan Chase & Co. from $36.00 to $32.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also weighed in on KDP. Deutsche Bank Aktiengesellschaft reduced their target price 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Evercore raised shares of Keurig Dr Pepper to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company cut their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Citigroup cut their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.38.

Keurig Dr Pepper Trading Up 0.2%

Shares of KDP opened at $26.04 on Thursday. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a market cap of $35.38 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.31 and a beta of 0.35. 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 company’s fifty day simple moving average is $27.74 and its 200-day simple moving average is $27.57.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results 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 net margin of 12.52% and a return on equity of 11.14%. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter 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 expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper’s payout ratio is presently 60.13%.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently modified their holdings of the stock. Fortem Financial Group LLC acquired a new position in shares of Keurig Dr Pepper during the first quarter valued at about $209,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Keurig Dr Pepper by 15.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 100,272 shares of the company’s stock valued at $2,640,000 after acquiring an additional 13,197 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Keurig Dr Pepper by 8.3% during the fourth quarter. Hsbc Holdings PLC now owns 3,675,575 shares of the company’s stock valued at $103,120,000 after acquiring an additional 282,406 shares in the last quarter. Stance Capital LLC increased its holdings in shares of Keurig Dr Pepper by 45,491.6% during the fourth quarter. Stance Capital LLC now owns 103,037 shares of the company’s stock valued at $2,886,000 after acquiring an additional 102,811 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Keurig Dr Pepper by 144.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 17,841 shares of the company’s stock valued at $500,000 after acquiring an additional 10,549 shares in 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.