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

Keurig Dr Pepper (NASDAQ:KDP) had its price objective hoisted by JPMorgan Chase & Co. from $37.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 19.07% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday. They set a “neutral” rating and a $35.00 price target on the stock. Morgan Stanley raised their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays reiterated an “overweight” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Keurig Dr Pepper Stock Down 0.4 %

Shares of KDP opened at $33.60 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a 50-day simple moving average of $31.91 and a 200-day simple moving average of $33.94. Keurig Dr Pepper has a 52 week low of $28.61 and a 52 week high of $38.28. The firm has a market capitalization of $45.57 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Several hedge funds have recently modified their holdings of KDP. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter worth $25,000. New Age Alpha Advisors LLC raised its position in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the third quarter valued at $35,000. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper in the fourth quarter valued at about $37,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper in the fourth quarter worth about $42,000. 93.99% of the stock is owned by institutional investors.

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.