Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $38.00

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) had its price objective upped by Barclays from $36.00 to $38.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 12.76% from the stock's current price.

A number of other equities analysts also recently issued reports on the stock. TD Cowen increased their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a "hold" rating in a report on Friday. Jefferies Financial Group dropped their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 27th. Wedbush dropped their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, February 26th. Royal Bank of Canada dropped their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a report on Friday, February 23rd. Finally, Morgan Stanley dropped their target price on shares of 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $36.64.

Keurig Dr Pepper Price Performance

Shares of KDP traded down $0.02 during trading hours on Monday, reaching $33.70. The company had a trading volume of 8,915,662 shares, compared to its average volume of 10,552,121. The firm has a 50 day simple moving average of $30.46 and a 200-day simple moving average of $31.14. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $45.68 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.56 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 announced its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The business's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. Research analysts expect that Keurig Dr Pepper will post 1.91 earnings per share for the current year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the sale, the director now directly owns 37,643 shares of the company's stock, valued at approximately $1,101,057.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert S. Singer sold 12,132 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares of the company's stock, valued at $1,101,057.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861 in the last ninety days. Insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds have recently modified their holdings of the stock. Achmea Investment Management B.V. boosted its position in shares of Keurig Dr Pepper by 0.8% in the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company's stock worth $1,226,000 after acquiring an additional 324 shares during the last quarter. Morningstar Investment Management LLC raised its holdings in Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company's stock valued at $1,051,000 after buying an additional 328 shares during the period. Kentucky Retirement Systems raised its holdings in Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company's stock valued at $2,684,000 after buying an additional 344 shares during the period. Operose Advisors LLC raised its holdings in Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company's stock valued at $53,000 after buying an additional 373 shares during the period. Finally, Mckinley Capital Management LLC raised its holdings in Keurig Dr Pepper by 1.3% in the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company's stock valued at $1,129,000 after buying an additional 470 shares during the period. 85.23% of the stock is 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.