Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $35.00

Keurig Dr Pepper (NASDAQ:KDP) had its price objective lifted by TD Cowen from $33.00 to $35.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently weighed in on KDP. Wells Fargo & Company lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Bank of America raised their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 in a research report on Friday, July 10th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.29.

Keurig Dr Pepper Trading Down 0.7%

Keurig Dr Pepper stock traded down $0.26 during trading hours on Wednesday, reaching $36.63. 15,802,005 shares of the company’s stock were exchanged, compared to its average volume of 15,076,574. The firm’s 50 day simple moving average is $32.87 and its 200 day simple moving average is $30.20. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $37.88. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $49.85 billion, a PE ratio of 33.61, a PEG ratio of 1.75 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.33 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 70.6% compared to the same quarter last year. Research analysts predict that Keurig Dr Pepper will post 2.31 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the transaction, the insider directly owned 84,171 shares of the company’s stock, valued at $2,739,766.05. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Angela A. Stephens sold 9,500 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the transaction, the vice president owned 55,786 shares in the company, valued at approximately $1,824,202.20. This represents a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KDP. Community Bank N.A. acquired a new position in shares of Keurig Dr Pepper during the second quarter valued at about $29,000. Meeder Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares in the last quarter. Covestor Ltd raised its holdings in shares of Keurig Dr Pepper by 214.2% in the 3rd quarter. Covestor Ltd now owns 1,194 shares of the company’s stock worth $36,000 after acquiring an additional 814 shares during the last quarter. Fortitude Family Office LLC lifted its position in Keurig Dr Pepper by 216.2% in the 3rd quarter. Fortitude Family Office LLC now owns 1,565 shares of the company’s stock valued at $47,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds 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

About Keurig Dr Pepper

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.