Barclays Issues Positive Forecast for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its target price boosted by Barclays from $28.00 to $30.00 in a report issued on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

KDP has been the subject of several other reports. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.57.

Keurig Dr Pepper Trading Down 3.7%

Shares of KDP opened at $28.15 on Monday. The firm’s 50 day simple moving average is $27.48 and its 200 day simple moving average is $27.69. The company has a market capitalization of $38.30 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 0.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. Sell-side analysts forecast that Keurig Dr Pepper will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Keurig Dr Pepper during the third quarter valued at about $26,000. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $26,000. Clearstead Trust LLC increased its position in shares of Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after buying an additional 536 shares during the period. Mather Group LLC. purchased a new position in shares of Keurig Dr Pepper during the third quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 484 shares during the period. 93.99% of the stock is owned by institutional investors.

About Keurig Dr Pepper

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.