Keurig Dr Pepper (NASDAQ:KDP) PT Lowered to $41.00 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 report report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Citigroup raised Keurig Dr Pepper from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $43.00 in a research note on Monday, September 23rd. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Royal Bank of Canada lifted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company reduced their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $38.36.

Keurig Dr Pepper Stock Down 2.1 %

Shares of NASDAQ KDP opened at $33.86 on Friday. Keurig Dr Pepper has a 52-week low of $28.61 and a 52-week high of $38.28. The business has a 50-day moving average price of $36.69 and a 200 day moving average price of $34.69. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The stock has a market cap of $45.90 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62.

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, hitting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. Equities research analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.23 dividend. This is an increase 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 2.72%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 59.35%.

Hedge Funds Weigh In On Keurig Dr Pepper

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

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.