Keurig Dr Pepper (NASDAQ:KDP) Given "Outperform" Rating at Royal Bank of Canada

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $42.00 price objective on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 22.09% from the company's previous close.

KDP has been the subject of a number of other research reports. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group raised their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $39.40.

Keurig Dr Pepper Trading Down 0.2 %

Shares of NASDAQ:KDP traded down $0.06 during trading on Tuesday, reaching $34.40. 9,610,834 shares of the company traded hands, compared to its average volume of 10,023,835. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 52-week low of $30.12 and a 52-week high of $38.28. The business's fifty day moving average is $34.13 and its 200-day moving average is $33.21. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. As a group, analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,421,350 shares of company stock valued at $2,757,137,010 in the last quarter. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently bought and sold shares of the business. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper in the first quarter worth approximately $27,000. New Age Alpha Advisors LLC boosted its holdings in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $42,000. Finally, Continuum Advisory LLC boosted its stake in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

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.