Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $32.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price lifted by Barclays from $30.00 to $32.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Finally, Piper Sandler lifted their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Trading Down 0.2%

Shares of KDP stock opened at $30.28 on Thursday. Keurig Dr Pepper has a 52-week low of $25.03 and a 52-week high of $36.12. The stock has a market cap of $41.14 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.62 and a beta of 0.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.64. The firm has a fifty day moving average of $28.33 and a 200-day moving average of $28.19.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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 analyst estimates of $4.35 billion. During the same period in the previous year, the business earned $0.58 EPS. The firm’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. On average, equities research analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share 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. Stockholders of record on Friday, March 27th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 60.13%.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of KDP. Asset Dedication LLC increased its holdings in shares of Keurig Dr Pepper by 3.8% in the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after purchasing an additional 288 shares in the last quarter. Auxier Asset Management boosted its position in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after buying an additional 318 shares during the last quarter. Rossby Financial LCC increased its stake in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the period. Wealth Watch Advisors INC increased its stake in shares of Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after buying an additional 373 shares during the period. Finally, NewSquare Capital LLC raised its position in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 386 shares during the last quarter. 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.