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Keurig Dr Pepper (NASDAQ:KDP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Keurig Dr Pepper logo with Consumer Staples background
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Key Points

  • JPMorgan Chase raised its price target on Keurig Dr Pepper to $33 and kept an "overweight" rating, implying roughly a 13.9% upside from the prior close.
  • KDP beat Q1 EPS (reported $0.39 vs. $0.37 estimate) and saw double‑digit U.S. refreshment‑beverage growth, but the quarter showed margin pressure and risks around leverage and integrating the JDE Peet’s acquisition.
  • Analysts have an overall Moderate Buy consensus with an average price target of about $31.43; the stock trades near $29 with a P/E of 18.9 and roughly 94% institutional ownership.
  • Five stocks to consider instead of Keurig Dr Pepper.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $32.00 to $33.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 13.89% from the company's previous close.

A number of other research firms also recently commented on KDP. Zacks Research upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th. Wells Fargo & Company dropped their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday. Finally, UBS Group reissued a "buy" rating and issued a $34.00 target price on shares of Keurig Dr Pepper in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.43.

Read Our Latest Stock Analysis on Keurig Dr Pepper

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded up $0.45 during mid-day trading on Friday, hitting $28.98. The stock had a trading volume of 5,073,583 shares, compared to its average volume of 10,811,591. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.34 and a beta of 0.35. The company has a 50 day simple moving average of $27.52 and a 200-day simple moving average of $27.61. Keurig Dr Pepper has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. Keurig Dr Pepper's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. On average, research analysts expect that Keurig Dr Pepper will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of Keurig Dr Pepper

A number of hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $26,000. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $26,000. Clearstead Trust LLC increased its position in Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company's stock valued at $28,000 after acquiring an additional 536 shares in the last quarter. Mather Group LLC. acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. increased its position in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 484 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Key Stories Impacting Keurig Dr Pepper

Here are the key news stories impacting Keurig Dr Pepper this week:

About Keurig Dr Pepper

(Get Free Report)

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.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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