Analysts Set Keurig Dr Pepper, Inc (NASDAQ:KDP) Target Price at $34.94

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) have earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $34.9412.

KDP has been the subject of several research analyst reports. UBS Group lifted their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a research note on Wednesday, July 1st. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, August 13th.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Aaron Alt bought 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average price of $31.83 per share, with a total value of $250,247.46. Following the acquisition, the director owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Angela Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the transaction, the vice president owned 55,786 shares in the company, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their position. The SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently modified their holdings of the stock. Auxier Asset Management grew its position in Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares during the last quarter. Rossby Financial LCC lifted its position in Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC boosted its stake in shares of Keurig Dr Pepper by 18.3% during the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after purchasing an additional 420 shares during the period. Finally, BOKF NA grew its holdings in shares of Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $32.59 on Wednesday. The company’s fifty day moving average price is $31.29 and its 200-day moving average price is $29.60. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.55 and a beta of 0.40. Keurig Dr Pepper has a one year low of $24.88 and a one year high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm’s revenue was up 75.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. On average, equities research analysts anticipate that Keurig Dr Pepper will post 2.3 earnings per share for the current fiscal year.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.