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Investing.com - TD Cowen raised its price target on Keurig Dr Pepper (NASDAQ:KDP) to $32.00 from $28.00 on Tuesday, while maintaining a Hold rating on the beverage company’s stock. The stock, currently trading at $29.23, sits within a wider analyst target range of $24 to $42, according to InvestingPro data.
The price target increase follows Keurig Dr Pepper’s announcement of changes to the financing structure for its JDEP acquisition, which will reduce leverage by 1.0x. The company maintains impressive gross profit margins of 54.93% and offers a dividend yield of 3.28%, having raised its dividend for five consecutive years.
Keurig Dr Pepper also announced it has initiated both an internal and external search for the CEO position of its Global Coffee business following the planned split with Bev Co, rather than promoting its current CFO to the role as might have been expected.
TD Cowen cited these developments as positive news warranting the higher price target, but maintained its Hold rating due to concerns about the attractiveness of the Global Coffee business.
The firm’s analyst noted specific doubts about the Global Coffee segment, which factored into the decision to keep the Hold rating despite the improved financing terms for the JDEP acquisition.
In other recent news, Keurig Dr Pepper Inc. reported its third-quarter 2025 earnings, aligning with analysts’ expectations by posting an earnings per share (EPS) of $0.54. The company exceeded revenue projections, reporting $4.31 billion compared to the anticipated $4.15 billion, marking a 3.86% revenue surprise. This development reflects positive investor sentiment. The earnings announcement comes amid a period of heightened attention from investors. Analysts had forecasted these figures, and the company’s performance met those expectations. This financial outcome highlights Keurig Dr Pepper’s ability to meet market projections. The earnings report is a significant event for the company, drawing attention from various stakeholders. These recent developments are crucial for investors monitoring the company’s financial health.
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