Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $42.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target lifted by Royal Bank of Canada from $41.00 to $42.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Citigroup raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $43.00 in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $34.58 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a market cap of $46.88 billion, a P/E ratio of 22.31, a PEG ratio of 2.73 and a beta of 0.62. The company has a 50-day moving average of $36.73 and a two-hundred day moving average of $34.67. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. As a group, research analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s payout ratio is currently 59.35%.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of KDP. Blue Trust Inc. grew its stake in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after buying an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Keurig Dr Pepper by 617.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after purchasing an additional 685 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth about $35,000. Finally, Riverview Trust Co acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth about $39,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

About Keurig Dr Pepper

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.