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

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) had its price target hoisted by research analysts at TD Cowen from $32.00 to $35.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. TD Cowen's target price suggests a potential upside of 3.80% from the stock's current price.

KDP has been the subject of several other research reports. Royal Bank of Canada decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a report on Friday, February 23rd. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 27th. Morgan Stanley decreased their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating for the company in a report on Monday, February 26th. Barclays raised their target price 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. Finally, Wedbush reduced their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.33.

Keurig Dr Pepper Stock Down 0.4 %

Keurig Dr Pepper stock traded down $0.12 during mid-day trading on Friday, reaching $33.72. 9,684,864 shares of the company were exchanged, compared to its average volume of 10,572,324. The business has a fifty day moving average of $30.41 and a 200 day moving average of $31.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The firm has a market cap of $46.79 billion, a P/E ratio of 21.75, a PEG ratio of 2.46 and a beta of 0.66. Keurig Dr Pepper has a 12-month low of $27.66 and a 12-month high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Keurig Dr Pepper's revenue was up 3.4% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper will post 1.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the sale, the insider now directly owns 331,487,357 shares of the company's stock, valued at approximately $9,579,984,617.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Keurig Dr Pepper news, CEO Robert James Gamgort bought 171,821 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares of the company's stock, valued at $92,535,584.70. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the sale, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861. Company insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of KDP. Capital World Investors lifted its stake in Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company's stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. lifted its stake in Keurig Dr Pepper by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company's stock worth $2,766,059,000 after purchasing an additional 818,426 shares in the last quarter. FMR LLC lifted its stake in Keurig Dr Pepper by 12.9% in the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company's stock worth $1,915,731,000 after purchasing an additional 6,926,582 shares in the last quarter. Capital International Investors lifted its stake in Keurig Dr Pepper by 1.3% in the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company's stock worth $1,867,937,000 after purchasing an additional 730,112 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Keurig Dr Pepper by 2.3% in the 3rd quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company's stock worth $1,340,401,000 after purchasing an additional 953,639 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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.