Keurig Dr Pepper (NASDAQ:KDP) PT Raised to $35.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price hoisted by analysts at TD Cowen from $32.00 to $35.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price points to a potential upside of 3.80% from the company’s previous close.

Several other equities analysts have also issued reports on KDP. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Barclays boosted their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Wedbush dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Finally, Royal Bank of Canada dropped their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.33.

Keurig Dr Pepper Price Performance

KDP opened at $33.72 on Friday. The business’s 50-day moving average is $30.41 and its two-hundred day moving average is $31.08. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $34.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.25. The firm has a market capitalization of $46.79 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts anticipate that Keurig Dr Pepper will post 1.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the transaction, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 over the last quarter. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KDP. AE Wealth Management LLC raised its stake in shares of Keurig Dr Pepper by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 28,992 shares of the company’s stock worth $915,000 after buying an additional 1,093 shares during the period. IFP Advisors Inc raised its stake in shares of Keurig Dr Pepper by 271.5% during the 3rd quarter. IFP Advisors Inc now owns 4,852 shares of the company’s stock worth $153,000 after buying an additional 3,546 shares during the period. Caprock Group LLC raised its stake in shares of Keurig Dr Pepper by 10.1% during the 3rd quarter. Caprock Group LLC now owns 18,192 shares of the company’s stock worth $578,000 after buying an additional 1,676 shares during the period. CX Institutional raised its stake in shares of Keurig Dr Pepper by 6.2% during the 3rd quarter. CX Institutional now owns 8,483 shares of the company’s stock worth $268,000 after buying an additional 492 shares during the period. Finally, Czech National Bank raised its stake in shares of Keurig Dr Pepper by 76.3% during the 3rd quarter. Czech National Bank now owns 175,833 shares of the company’s stock worth $5,551,000 after buying an additional 76,125 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

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.