Brokerages Set Keurig Dr Pepper, Inc (NASDAQ:KDP) Target Price at $34.87

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.8667.

Several research firms have weighed in on KDP. TD Cowen lowered their price target on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. The Goldman Sachs Group decreased their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Finally, Piper Sandler increased their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th.

Keurig Dr Pepper Trading Up 0.4%

Shares of Keurig Dr Pepper stock opened at $28.10 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The business has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $29.77. Keurig Dr Pepper has a 1 year low of $25.03 and a 1 year high of $36.12. The company has a market capitalization of $38.18 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.05 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in Keurig Dr Pepper in the 1st quarter valued at $25,000. NewSquare Capital LLC increased its position in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. Chung Wu Investment Group LLC acquired a new position in Keurig Dr Pepper in the second quarter valued at about $26,000. AlphaCore Capital LLC bought a new stake in Keurig Dr Pepper during the second quarter worth about $26,000. Finally, Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth about $26,000. 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.