Deutsche Bank Aktiengesellschaft Boosts Keurig Dr Pepper (NASDAQ:KDP) Price Target to $37.00

Keurig Dr Pepper (NASDAQ:KDP) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $36.00 to $37.00 in a report published on Monday, Benzinga reports. They currently have a hold rating on the stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an overweight rating in a research report on Wednesday, June 5th. Barclays dropped their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an overweight rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an overweight rating for the company in a research report on Wednesday, July 10th. Citigroup raised Keurig Dr Pepper from a neutral rating to a buy rating and upped their target price for the stock from $36.00 to $43.00 in a research report on Monday. Finally, Evercore ISI upgraded Keurig Dr Pepper to a hold rating in a report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of Moderate Buy and an average target price of $37.20.

Keurig Dr Pepper Trading Down 0.7 %

NASDAQ KDP opened at $37.58 on Monday. The firm’s 50 day moving average price is $35.67 and its two-hundred day moving average price is $33.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper has a twelve month low of $27.66 and a twelve month high of $38.28. The stock has a market cap of $50.96 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.86 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The firm 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. The ex-dividend date is Friday, September 27th. 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 2.45%. Keurig Dr Pepper’s payout ratio is presently 55.48%.

Institutional Trading of Keurig Dr Pepper

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in shares of Keurig Dr Pepper by 0.5% in the fourth quarter. Corient Private Wealth LLC now owns 119,643 shares of the company’s stock valued at $3,986,000 after acquiring an additional 641 shares during the period. Franklin Resources Inc. boosted its holdings in Keurig Dr Pepper by 608.0% in the 4th quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after purchasing an additional 698,665 shares during the period. US Bancorp DE grew its position in Keurig Dr Pepper by 0.4% in the 4th quarter. US Bancorp DE now owns 121,107 shares of the company’s stock worth $4,035,000 after purchasing an additional 503 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter worth $239,000. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Keurig Dr Pepper by 1.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 107,237 shares of the company’s stock worth $3,411,000 after purchasing an additional 1,620 shares during the period. Institutional investors own 85.23% of the company’s stock.

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.