Keurig Dr Pepper (NASDAQ:KDP) Upgraded at HSBC

HSBC upgraded shares of Keurig Dr Pepper (NASDAQ:KDP) from a hold rating to a buy rating in a research note published on Thursday, Marketbeat.com reports. They currently have $40.00 price target on the stock.

Other equities analysts also recently issued reports about the company. Citigroup increased their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Barclays boosted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, UBS Group lifted their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.44 on Thursday. The company has a market capitalization of $42.78 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 1.40 and a beta of 0.40. Keurig Dr Pepper has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The firm has a 50-day simple moving average of $31.17 and a 200-day simple moving average of $29.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s revenue was up 75.6% compared to the same quarter last year. On average, equities research analysts anticipate that Keurig Dr Pepper will post 2.3 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared 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. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s payout ratio is 92.93%.

Institutional Investors Weigh In On Keurig Dr Pepper

Large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in Keurig Dr Pepper during the fourth quarter worth about $26,000. Meeder Asset Management Inc. grew its position in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after purchasing an additional 1,023 shares during the last quarter. Rossby Financial LCC increased its stake in shares of 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 purchasing an additional 339 shares in the last quarter. Finally, Activest Wealth Management increased its stake in shares of Keurig Dr Pepper by 5,642.1% during 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. 93.99% of the stock is owned by institutional investors and hedge funds.

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.