Keurig Dr Pepper (KDP) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Keurig Dr Pepper in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KDP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KDP, but not buy additional shares or sell existing shares.
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9 brokerages have issued 12-month price objectives for Keurig Dr Pepper's stock. Their KDP share price forecasts range from $30.00 to $40.00. On average, they expect the company's stock price to reach $36.56 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for KDP or view top-rated stocks among Wall Street analysts.

Keurig Dr Pepper's stock was trading at $35.66 on January 1st, 2023. Since then, KDP shares have decreased by 5.2% and is now trading at $33.80.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our KDP earnings forecast.

Keurig Dr Pepper Inc. (NASDAQ:KDP) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.69 billion. Keurig Dr Pepper had a net margin of 11.00% and a trailing twelve-month return on equity of 9.72%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share.

Keurig Dr Pepper declared a quarterly dividend on Tuesday, May 16th. Investors of record on Friday, June 30th will be given a dividend of $0.20 per share on Friday, July 14th. This represents a $0.80 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for KDP.

ETFs with the largest weight of Keurig Dr Pepper (NASDAQ:KDP) stock in their portfolio include Neuberger Berman Next Generation Connected Consumer ETF (NBCC), First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Leatherback Long/Short Alternative Yield ETF (LBAY), WisdomTree U.S. AI Enhanced Value Fund (AIVL), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT) and iShares U.S. Consumer Staples ETF (IYK).

Keurig Dr Pepper (NASDAQ:KDP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.37%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 70.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KDP will have a dividend payout ratio of 41.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KDP.

Keurig Dr Pepper declared that its board has approved a stock repurchase program on Friday, October 1st 2021, which authorizes the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

Keurig Dr Pepper updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $1.78-$1.80 for the period, compared to the consensus earnings per share estimate of $1.78. The company issued revenue guidance of $14.76 billion-$14.90 billion, compared to the consensus revenue estimate of $14.77 billion.

99 employees have rated Keurig Dr Pepper Chief Executive Officer Bob Gamgort on Glassdoor.com. Bob Gamgort has an approval rating of 79% among the company's employees.

Keurig Dr Pepper trades on the NASDAQ under the ticker symbol "KDP."

Keurig Dr Pepper's stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital World Investors (5.77%), BlackRock Inc. (5.07%), Capital International Investors (3.69%), Geode Capital Management LLC (1.19%), Boston Partners (1.13%) and JPMorgan Chase & Co. (1.06%). Insiders that own company stock include Anthony Shoemaker, Herbert Derek Hopkins, Holdings BV Jab, Justin Whitmore, Karin Rotem-Wildeman, Maria A Sceppaguercio-Gever, Matthew Andrew Archambault, Maurice Anthony Milikin, Mondelez International, Inc, Olivier Goudet, Priyadarshi Sudhanshu, Robert James Gamgort, Robert S Singer, Roger Frederick Johnson and Sudhanshu Shekhar Priyadarshi.
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Shares of KDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KDP stock can currently be purchased for approximately $33.80.

Keurig Dr Pepper (NASDAQ:KDP) has a market capitalization of $47.23 billion and generates $14.06 billion in revenue each year. The company earns $1.44 billion in net income (profit) each year or $1.14 on an earnings per share basis.

The company employs 28,000 workers across the globe.

Keurig Dr Pepper's mailing address is 53 SOUTH AVENUE, BURLINGTON MA, 01803. The official website for the company is www.keurigdrpepper.com. The company can be reached via phone at (877) 208-9991, via email at ir@keurig.com, or via fax at 972-673-7980.