Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $40.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price hoisted by Morgan Stanley from $38.00 to $40.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

KDP has been the subject of several other research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 8th. Citigroup raised their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday. Evercore boosted their price objective on Keurig Dr Pepper from $30.00 to $32.00 in a research report on Thursday, October 8th. Finally, Argus restated a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, September 15th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $37.29.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded down $0.26 during mid-day trading on Wednesday, reaching $36.63. 15,802,005 shares of the stock were exchanged, compared to its average volume of 15,076,574. The business’s 50 day moving average is $32.87 and its 200-day moving average is $30.20. Keurig Dr Pepper has a 1 year low of $24.88 and a 1 year high of $37.88. The company has a market capitalization of $49.85 billion, a P/E ratio of 33.61, a P/E/G ratio of 1.75 and a beta of 0.35. 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 released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.33 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm’s revenue for the quarter was up 70.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that Keurig Dr Pepper will post 2.31 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 84.40%.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela Stephens sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president directly owned 55,786 shares in the company, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aaron Alt acquired 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the purchase, the director owned 7,862 shares in the company, valued at $250,247.46. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Several large investors have recently bought and sold shares of KDP. Meeder Asset Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 358.0% during 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 during the last quarter. Community Bank N.A. acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $29,000. Covestor Ltd lifted its position in Keurig Dr Pepper by 214.2% during the third quarter. Covestor Ltd now owns 1,194 shares of the company’s stock worth $36,000 after buying an additional 814 shares in the last quarter. Fortitude Family Office LLC lifted its position in Keurig Dr Pepper by 216.2% during the third quarter. Fortitude Family Office LLC now owns 1,565 shares of the company’s stock worth $47,000 after buying an additional 1,070 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in Keurig Dr Pepper during the third quarter worth approximately $54,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Key Stories Impacting Keurig Dr Pepper

Here are the key news stories impacting Keurig Dr Pepper this week:

• Positive Sentiment: Ghost Energy has become KDP’s fourth brand with more than $1 billion in annual sales, reinforcing the scale of its energy-drink business and adding to its growth story. Ghost Energy becomes Keurig Dr Pepper’s fourth $1 billion brand
• Positive Sentiment: Analyst actions provide additional support: Barclays raised its target to $41 and kept an overweight rating, while UBS raised its target to $42 and maintained a buy rating. Higher targets suggest analysts see further potential in the shares. Barclays price target UBS price target
• Neutral Sentiment: KDP’s planned 2027 split could help investors value its beverage and coffee businesses separately. However, recent results point to a mixed outlook: beverage and energy growth contrasts with weaker coffee demand, leaving open whether the separation will create value. Keurig Dr Pepper’s Beverage Growth Raises a Tough Question About Its Coffee Split Analysts weigh split plans
• Neutral Sentiment: A comparison of beverage companies’ dividend prospects raises questions about payout resilience and financial cushions, but the supplied headline does not specify a KDP-specific conclusion. Dividend comparison of Coca-Cola, PepsiCo and Keurig Dr Pepper

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.