Keurig Dr Pepper (NASDAQ:KDP) Price Target Increased to $42.00 by Analysts at Royal Bank of Canada

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

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered 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 note on Friday. Wells Fargo & Company reduced their target price on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $43.00 in a research note on Monday, September 23rd. TD Cowen increased their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Keurig Dr Pepper Trading Down 1.0 %

NASDAQ KDP traded down $0.36 on Friday, reaching $34.58. The stock had a trading volume of 9,207,294 shares, compared to its average volume of 8,694,862. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28. The stock has a fifty day moving average price of $36.73 and a two-hundred day moving average price of $34.62. The firm has a market capitalization of $46.88 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.73 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

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

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently bought and sold shares of KDP. Vanguard Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after acquiring an additional 7,825,418 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Keurig Dr Pepper by 5.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after buying an additional 730,297 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Keurig Dr Pepper by 2.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after buying an additional 317,837 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Keurig Dr Pepper by 6.5% during the second quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock worth $333,057,000 after buying an additional 609,857 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

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.