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

Keurig Dr Pepper Inc. (NASDAQ:KDPGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.53.

Several brokerages recently issued reports on KDP. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 price target on the stock. Finally, TD Cowen lifted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th.

View Our Latest Stock Report on KDP

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of KDP. Commonwealth Equity Services LLC lifted its position in shares of Keurig Dr Pepper by 254.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after acquiring an additional 68,840 shares during the period. Twin Tree Management LP acquired a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $512,000. Confluence Investment Management LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $11,375,000. PBCay One RSC Ltd acquired a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $1,543,000. Finally, FORA Capital LLC acquired a new position in Keurig Dr Pepper during the first quarter worth $4,519,000. 85.23% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $36.39 on Wednesday. The firm has a 50 day moving average of $36.23 and a 200-day moving average of $34.04. The stock has a market capitalization of $49.33 billion, a PE ratio of 23.48, a PEG ratio of 2.86 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 12 month low of $27.66 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

About Keurig Dr Pepper

(Get Free Report

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.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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