Deutsche Bank Aktiengesellschaft Cuts Keurig Dr Pepper (NASDAQ:KDP) Price Target to $28.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target lowered by Deutsche Bank Aktiengesellschaft from $34.00 to $28.00 in a research note released on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other analysts have also weighed in on KDP. Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Piper Sandler boosted their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. UBS Group reiterated a “buy” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Finally, Barclays boosted their price objective on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.36.

Keurig Dr Pepper Stock Down 2.4%

NASDAQ KDP opened at $25.69 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper has a 52 week low of $25.03 and a 52 week high of $36.12. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.33 and a beta of 0.35. The company has a fifty day moving average of $28.11 and a two-hundred day moving average of $27.63.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is 60.13%.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors have recently modified their holdings of the stock. Asset Dedication LLC boosted its holdings in shares of Keurig Dr Pepper by 3.8% in the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after purchasing an additional 288 shares during the period. Auxier Asset Management increased its holdings in Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the period. Rossby Financial LCC raised its position in Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares in the last quarter. Wealth Watch Advisors INC raised its position in Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after buying an additional 405 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

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.