Keurig Dr Pepper (NASDAQ:KDP) PT Lowered to $40.00 at JPMorgan Chase & Co.

Keurig Dr Pepper (NASDAQ:KDP) had its price target cut by JPMorgan Chase & Co. from $41.00 to $40.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

KDP has been the subject of a number of other research reports. Citigroup raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and upped their price target for the stock from $36.00 to $43.00 in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft raised their price target 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. TD Cowen increased their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Keurig Dr Pepper Stock Down 2.1 %

Keurig Dr Pepper stock opened at $33.86 on Friday. The firm has a market capitalization of $45.90 billion, a PE ratio of 21.85, a P/E/G ratio of 2.73 and a beta of 0.62. The company’s 50-day moving average is $36.69 and its 200-day moving average is $34.69. Keurig Dr Pepper has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business earned $0.48 EPS. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio is 59.35%.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after buying an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Keurig Dr Pepper by 617.1% during 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 last quarter. Farmers & Merchants Investments Inc. increased its position in Keurig Dr Pepper by 51.5% during 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 last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at $35,000. Finally, Riverview Trust Co purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at $39,000. Institutional investors own 85.23% of the company’s stock.

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.