Deutsche Bank Aktiengesellschaft Boosts Keurig Dr Pepper (NASDAQ:KDP) Price Target to $37.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target lifted by Deutsche Bank Aktiengesellschaft from $36.00 to $37.00 in a research note published on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an overweight rating in a research report on Wednesday, June 5th. Royal Bank of Canada reiterated an outperform rating and set a $41.00 price target on shares of Keurig Dr Pepper in a research report on Friday, July 26th. BNP Paribas started coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a neutral rating and a $36.00 price objective for the company. Citigroup raised shares of Keurig Dr Pepper from a neutral rating to a buy rating and increased their target price for the company from $36.00 to $43.00 in a report on Monday. Finally, Barclays lowered their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an overweight rating for the company in a research note on Friday, July 19th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $37.53.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $37.53 on Monday. Keurig Dr Pepper has a 12-month low of $27.66 and a 12-month high of $38.28. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $50.89 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. The stock has a 50-day moving average price of $35.76 and a 200-day moving average price of $33.68.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. Keurig Dr Pepper’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.45%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Keurig Dr Pepper by 254.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after acquiring an additional 68,840 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Keurig Dr Pepper by 608.0% in the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock worth $27,108,000 after purchasing an additional 698,665 shares during the last quarter. Twin Tree Management LP purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at $512,000. Confluence Investment Management LLC bought a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $11,375,000. Finally, PBCay One RSC Ltd purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth $1,543,000. 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.