Keurig Dr Pepper (NASDAQ:KDP) Hits New 1-Year High at $38.00

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) reached a new 52-week high during trading on Monday . The company traded as high as $38.00 and last traded at $38.00, with a volume of 13191 shares. The stock had previously closed at $37.46.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Barclays cut their target price on 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. UBS Group raised their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Finally, Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $43.00 in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $37.21.

Keurig Dr Pepper Price Performance

The firm has a 50-day simple moving average of $35.37 and a 200-day simple moving average of $33.47. The firm has a market cap of $50.92 billion, a P/E ratio of 24.17, a PEG ratio of 2.79 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 (NASDAQ:KDP) last issued its quarterly earnings data 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 company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts forecast that Keurig Dr Pepper Inc. 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 given a $0.23 dividend. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Keurig Dr Pepper by 617.1% in the 2nd 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 last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new position in Keurig Dr Pepper during the second quarter valued at $35,000. Finally, Riverview Trust Co acquired a new position in Keurig Dr Pepper during the second quarter valued at $39,000. 85.23% of the stock is currently 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.