Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $36.50.

A number of research firms recently commented on KDP. JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. BNP Paribas assumed coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price on the stock. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price target for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, UBS Group increased their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its stake in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after acquiring an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in Keurig Dr Pepper in the second quarter worth $35,000. Finally, Riverview Trust Co bought a new position in Keurig Dr Pepper in the second quarter valued at $39,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.3 %

Shares of Keurig Dr Pepper stock opened at $36.86 on Friday. The firm has a market cap of $49.97 billion, a PE ratio of 23.78, a P/E/G ratio of 2.75 and a beta of 0.62. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $37.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a fifty day moving average price of $34.40 and a 200-day moving average price of $32.93.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Company Profile

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.