Keurig Dr Pepper (KDP) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Keurig Dr Pepper in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KDP shares.
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9 analysts have issued 1 year target prices for Keurig Dr Pepper's shares. Their KDP share price forecasts range from $30.00 to $42.00. On average, they predict the company's stock price to reach $37.11 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
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Keurig Dr Pepper's stock was trading at $35.66 at the beginning of 2023. Since then, KDP shares have decreased by 11.8% and is now trading at $31.45.
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Keurig Dr Pepper saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 10,900,000 shares, a decline of 10.8% from the August 31st total of 12,220,000 shares. Based on an average daily trading volume, of 8,840,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.1% of the shares of the stock are sold short.
View Keurig Dr Pepper's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our KDP earnings forecast.

Keurig Dr Pepper Inc. (NASDAQ:KDP) posted its quarterly earnings data on Thursday, July, 27th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.69 billion. Keurig Dr Pepper had a net margin of 11.00% and a trailing twelve-month return on equity of 9.72%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS.

Keurig Dr Pepper announced a quarterly dividend on Tuesday, September 19th. Stockholders of record on Friday, September 29th will be given a dividend of $0.215 per share on Friday, October 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for KDP.

ETFs with the largest weight of Keurig Dr Pepper (NASDAQ:KDP) stock in their portfolio include Neuberger Berman Next Generation Connected Consumer ETF (NBCC), First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Leatherback Long/Short Alternative Yield ETF (LBAY), WisdomTree U.S. AI Enhanced Value Fund (AIVL), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT) and iShares U.S. Consumer Staples ETF (IYK).

Keurig Dr Pepper (NASDAQ:KDP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.49%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 70.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KDP will have a dividend payout ratio of 41.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KDP.

Keurig Dr Pepper announced that its Board of Directors has authorized a share buyback program on Friday, October 1st 2021, which permits the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Keurig Dr Pepper updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $1.78-$1.80 for the period, compared to the consensus estimate of $1.78. The company issued revenue guidance of $14.76 billion-$14.90 billion, compared to the consensus revenue estimate of $14.77 billion.

99 employees have rated Keurig Dr Pepper Chief Executive Officer Bob Gamgort on Glassdoor.com. Bob Gamgort has an approval rating of 79% among the company's employees.

Keurig Dr Pepper trades on the NASDAQ under the ticker symbol "KDP."

Keurig Dr Pepper's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital World Investors (5.77%), BlackRock Inc. (5.07%), Capital International Investors (3.69%), State Street Corp (2.67%), Geode Capital Management LLC (1.19%) and Boston Partners (1.13%). Insiders that own company stock include Anthony Shoemaker, Herbert Derek Hopkins, Holdings BV Jab, Justin Whitmore, Karin Rotem-Wildeman, Maria A Sceppaguercio-Gever, Matthew Andrew Archambault, Maurice Anthony Milikin, Mondelez International, Inc, Priyadarshi Sudhanshu, Robert James Gamgort, Robert S Singer, Roger Frederick Johnson and Sudhanshu Shekhar Priyadarshi.
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Shares of KDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KDP stock can currently be purchased for approximately $31.45.

Keurig Dr Pepper (NASDAQ:KDP) has a market capitalization of $43.94 billion and generates $14.06 billion in revenue each year. The company earns $1.44 billion in net income (profit) each year or $1.14 on an earnings per share basis.

The company employs 28,000 workers across the globe.

Keurig Dr Pepper's mailing address is 53 SOUTH AVENUE, BURLINGTON MA, 01803. The official website for the company is www.keurigdrpepper.com. The company can be reached via phone at (877) 208-9991, via email at ir@keurig.com, or via fax at 972-673-7980.