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

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $36.50.

Several analysts recently weighed in on KDP shares. Barclays decreased their target price on 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. UBS Group raised their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. BNP Paribas initiated coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 target price for the company. Wells Fargo & Company raised their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $27.00 to $34.00 in a report on Monday, June 17th.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. raised its stake in shares of 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 during the last quarter. Federated Hermes Inc. lifted its holdings in Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after buying an additional 314 shares in the last quarter. Morningstar Investment Management LLC boosted its position in Keurig Dr Pepper by 1.1% in the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after buying an additional 328 shares during the last quarter. Kentucky Retirement Systems increased its stake in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after buying an additional 344 shares during the period. Finally, Mather Group LLC. raised its position in shares of Keurig Dr Pepper by 29.0% during the second quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after acquiring an additional 392 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.2 %

NASDAQ:KDP opened at $35.39 on Tuesday. The company’s 50 day moving average is $33.76 and its 200-day moving average is $32.41. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 12 month low of $27.66 and a 12 month high of $35.53. The firm has a market cap of $47.97 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.60 and a beta of 0.62.

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

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.