TD Cowen Increases Keurig Dr Pepper (NASDAQ:KDP) Price Target to $40.00

Keurig Dr Pepper (NASDAQ:KDP) had its price objective boosted by stock analysts at TD Cowen from $35.00 to $40.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target indicates a potential upside of 6.89% from the stock’s current price.

KDP has been the topic of several other reports. UBS Group upped 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 note on Monday, June 10th. Wells Fargo & Company upped their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Barclays cut their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Citigroup raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $43.00 in a research report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.53.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $37.42 on Thursday. The company’s 50 day simple moving average is $35.84 and its 200-day simple moving average is $33.73. The company has a market capitalization of $50.74 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share 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 period in the prior year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KDP. Farmers & Merchants Investments Inc. boosted its stake in Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the period. Federated Hermes Inc. boosted its stake 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 purchasing an additional 314 shares during the period. Morningstar Investment Management LLC boosted its stake in Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after purchasing an additional 328 shares during the period. Mather Group LLC. boosted its stake in Keurig Dr Pepper by 29.0% during the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after purchasing an additional 392 shares during the period. Finally, US Bancorp DE boosted its stake in Keurig Dr Pepper by 0.4% during the 4th quarter. US Bancorp DE now owns 121,107 shares of the company’s stock worth $4,035,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

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.