Analysts Set Keurig Dr Pepper, Inc (NASDAQ:KDP) Target Price at $32.47

Keurig Dr Pepper, Inc (NASDAQ:KDP) has been given a consensus recommendation of “Hold” by the seventeen research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $33.0667.

A number of brokerages have weighed in on KDP. Deutsche Bank Aktiengesellschaft cut their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Citigroup boosted their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at $26,000. Meeder Asset Management Inc. increased its stake in Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares in the last quarter. Activest Wealth Management increased its stake in Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $31,000. Finally, Rossby Financial LCC raised its holdings in Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after buying an additional 339 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 3.6%

KDP opened at $31.38 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The company has a market capitalization of $42.69 billion, a PE ratio of 23.24, a P/E/G ratio of 1.38 and a beta of 0.40. The stock’s fifty day moving average is $30.75 and its 200-day moving average is $28.82. Keurig Dr Pepper has a one year low of $24.88 and a one 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 the consensus estimate of $0.37 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. On average, equities analysts predict that Keurig Dr Pepper will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

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.