Keurig Dr Pepper Inc. (NASDAQ:KDP) – Equities research analysts at Jefferies Financial Group lowered their Q2 2021 earnings per share estimates for Keurig Dr Pepper in a report released on Thursday, April 29th. Jefferies Financial Group analyst K. Grundy now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.40. Jefferies Financial Group also issued estimates for Keurig Dr Pepper’s FY2021 earnings at $1.62 EPS, FY2022 earnings at $1.76 EPS and FY2023 earnings at $1.95 EPS.
Other research analysts also recently issued research reports about the stock. Credit Suisse Group boosted their target price on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, April 30th. Sanford C. Bernstein assumed coverage on Keurig Dr Pepper in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $40.00 price target for the company. Morgan Stanley increased their price objective on Keurig Dr Pepper from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, April 27th. Finally, Evercore ISI reiterated a “hold” rating on shares of Keurig Dr Pepper in a research report on Monday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.67.
Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 29th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Keurig Dr Pepper had a net margin of 11.40% and a return on equity of 8.33%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Thursday, April 1st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Wednesday, March 31st. Keurig Dr Pepper’s dividend payout ratio is 49.18%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Unison Advisors LLC grew its stake in shares of Keurig Dr Pepper by 0.5% during the first quarter. Unison Advisors LLC now owns 69,782 shares of the company’s stock worth $2,409,000 after purchasing an additional 323 shares during the period. Signaturefd LLC lifted its holdings in shares of Keurig Dr Pepper by 17.8% in the first quarter. Signaturefd LLC now owns 2,225 shares of the company’s stock valued at $76,000 after purchasing an additional 337 shares in the last quarter. Parallel Advisors LLC raised its holdings in Keurig Dr Pepper by 13.6% during the first quarter. Parallel Advisors LLC now owns 2,870 shares of the company’s stock worth $99,000 after acquiring an additional 344 shares in the last quarter. Perigon Wealth Management LLC increased its position in Keurig Dr Pepper by 3.0% during the fourth quarter. Perigon Wealth Management LLC now owns 15,678 shares of the company’s stock worth $502,000 after buying an additional 459 shares during the last quarter. Finally, TD Ameritrade Investment Management LLC acquired a new position in Keurig Dr Pepper during the fourth quarter worth approximately $25,000. 37.85% of the stock is owned by institutional investors.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment offers Keurig single serve brewers and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.
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