Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Keurig Dr Pepper, Inc (NASDAQ:KDP) has been given a consensus rating of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.75.

A number of analysts have issued reports on KDP shares. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd.

Keurig Dr Pepper Trading Up 1.0%

NASDAQ KDP opened at $31.44 on Friday. The firm’s 50-day moving average is $31.17 and its two-hundred day moving average is $29.22. Keurig Dr Pepper has a 12 month low of $24.88 and a 12 month high of $35.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The stock has a market capitalization of $42.78 billion, a P/E ratio of 31.76, a PEG ratio of 1.39 and a beta of 0.40.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given 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 dividend payout ratio is currently 92.93%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jupiter Topco LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $8,331,000. Hsbc Holdings PLC purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at about $107,163,000. EFG International AG purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at about $249,000. Canada Pension Plan Investment Board acquired a new position in shares of Keurig Dr Pepper during the second quarter worth about $61,939,000. Finally, Legal & General Group Plc acquired a new position in shares of Keurig Dr Pepper during the second quarter worth about $269,336,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

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.