Keurig Dr Pepper (NASDAQ:KDP) Price Target Cut to $41.00 by Analysts at Jefferies Financial Group

Keurig Dr Pepper (NASDAQ:KDP) had its target price trimmed by Jefferies Financial Group from $42.00 to $41.00 in a research note published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

KDP has been the subject of a number of other research reports. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada increased their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.36 during trading 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. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market cap of $46.88 billion, a PE ratio of 22.31, a P/E/G ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper has a one year low of $28.61 and a one year high of $38.28. The firm’s 50 day moving average price is $36.73 and its two-hundred day moving average price is $34.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. 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 yield of 2.66%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 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 the business. Vanguard Group Inc. raised its holdings in shares of Keurig Dr Pepper by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 buying an additional 12,259,471 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Keurig Dr Pepper by 5.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after acquiring 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 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after acquiring an additional 317,837 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Keurig Dr Pepper by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock worth $333,057,000 after acquiring an additional 609,857 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

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.