Keurig Dr Pepper, Inc (NASDAQ:KDP) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Moderate Buy consensus from 16 brokerages (9 hold, 6 buy, 1 strong buy) with an average 12‑month target of $31.57.
• Keurig Dr Pepper reported $0.39 EPS versus $0.37 expected and revenue of $3.98 billion, up 9.4% year‑over‑year for the quarter.
• Shares yield 3.2% (annualized $0.92), trade near $28.93 with a $39.36 billion market cap, and institutional ownership at about 93.99%.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $31.5714.

A number of brokerages have issued reports on KDP. Citigroup cut their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 15th. Zacks Research raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th. Barclays boosted their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, March 30th.

Institutional Trading of Keurig Dr Pepper

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter worth $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $26,000. Clearstead Trust LLC increased its position in shares of Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company's stock worth $28,000 after acquiring an additional 536 shares during the period. Mather Group LLC. purchased a new stake in shares of Keurig Dr Pepper during the third quarter worth $30,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company's stock worth $30,000 after acquiring an additional 484 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Up 0.5%

KDP stock opened at $28.93 on Thursday. The firm has a market cap of $39.36 billion, a PE ratio of 21.43, a PEG ratio of 1.29 and a beta of 0.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The firm's 50 day moving average price is $27.47 and its 200-day moving average price is $27.72. Keurig Dr Pepper has a one year low of $24.88 and a one year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities research analysts anticipate that Keurig Dr Pepper will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. Keurig Dr Pepper's payout ratio is presently 68.15%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.