Keurig Dr Pepper Inc. (NASDAQ:KDP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.53.

Several brokerages recently issued reports on KDP. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 price target on the stock. Finally, TD Cowen lifted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of KDP. Commonwealth Equity Services LLC lifted its position in shares of Keurig Dr Pepper by 254.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after acquiring an additional 68,840 shares during the period. Twin Tree Management LP acquired a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $512,000. Confluence Investment Management LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $11,375,000. PBCay One RSC Ltd acquired a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $1,543,000. Finally, FORA Capital LLC acquired a new position in Keurig Dr Pepper during the first quarter worth $4,519,000. 85.23% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $36.39 on Wednesday. The firm has a 50 day moving average of $36.23 and a 200-day moving average of $34.04. The stock has a market capitalization of $49.33 billion, a PE ratio of 23.48, a PEG ratio of 2.86 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 12 month low of $27.66 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

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.