Credit Suisse Group Initiates Coverage on Keurig Dr Pepper (NYSE:KDP)

Credit Suisse Group began coverage on shares of Keurig Dr Pepper (NYSE:KDP) in a research note published on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $27.00 target price on the stock.

A number of other brokerages also recently issued reports on KDP. BMO Capital Markets raised Bank of America from a market perform rating to an outperform rating and set a $37.00 price objective for the company in a research report on Monday, June 17th. ValuEngine raised Zillow Group from a hold rating to a buy rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded CGI from a buy rating to a hold rating in a research report on Wednesday, June 19th. Morgan Stanley set a €37.50 ($43.60) price objective on Deutsche Post and gave the stock a buy rating in a research report on Thursday, April 11th. Finally, Barclays reissued a hold rating and set a $52.00 price objective on shares of Biohaven Pharmaceutical in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $29.34.

Shares of NYSE:KDP opened at $27.63 on Wednesday. The business’s 50-day simple moving average is $29.07. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 0.58. The firm has a market cap of $39.35 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.50 and a beta of 0.46. Keurig Dr Pepper has a 12-month low of $22.19 and a 12-month high of $31.06.



Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.54 billion. Keurig Dr Pepper had a return on equity of 8.95% and a net margin of 9.39%. The firm’s revenue was up 164.1% compared to the same quarter last year. On average, sell-side analysts expect that Keurig Dr Pepper will post 1.22 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, July 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 57.69%.

In other news, Director Robert S. Singer bought 3,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was bought at an average cost of $28.93 per share, with a total value of $86,790.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert S. Singer bought 2,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was purchased at an average cost of $28.98 per share, with a total value of $57,960.00. The disclosure for this purchase can be found here. Insiders own 0.44% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in Keurig Dr Pepper by 30.0% in the 4th quarter. LPL Financial LLC now owns 19,747 shares of the company’s stock valued at $506,000 after acquiring an additional 4,555 shares in the last quarter. Jennison Associates LLC grew its position in shares of Keurig Dr Pepper by 83.0% during the first quarter. Jennison Associates LLC now owns 863,468 shares of the company’s stock worth $24,151,000 after buying an additional 391,603 shares in the last quarter. Rehmann Capital Advisory Group grew its position in shares of Keurig Dr Pepper by 2,827.3% during the first quarter. Rehmann Capital Advisory Group now owns 7,494 shares of the company’s stock worth $210,000 after buying an additional 7,238 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of Keurig Dr Pepper during the first quarter worth about $481,000. Finally, CIBC Asset Management Inc grew its position in shares of Keurig Dr Pepper by 8.0% during the first quarter. CIBC Asset Management Inc now owns 9,793 shares of the company’s stock worth $274,000 after buying an additional 726 shares in the last quarter. 14.27% of the stock is owned by institutional investors.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

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