Keurig Dr Pepper (NASDAQ:KDP) PT Lowered to $42.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price lowered by Wells Fargo & Company from $43.00 to $42.00 in a report issued on Friday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other research firms have also commented on KDP. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Barclays upped their price target on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Keurig Dr Pepper Trading Down 1.0 %

Shares of Keurig Dr Pepper stock opened at $34.58 on Friday. The business has a fifty day simple moving average of $36.73 and a 200-day simple moving average of $34.62. The firm has a market cap of $46.88 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of large investors have recently added to or reduced their stakes in the stock. CX Institutional boosted its holdings in shares of Keurig Dr Pepper by 3.6% during the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock worth $305,000 after buying an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Keurig Dr Pepper by 3.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after acquiring an additional 300 shares during the period. Farmers & Merchants Investments Inc. grew its position in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Finally, Mather Group LLC. lifted its position in shares of Keurig Dr Pepper by 29.0% during the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.