Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $37.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price increased by research analysts at Deutsche Bank Aktiengesellschaft from $36.00 to $37.00 in a report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 2.19% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. BNP Paribas assumed coverage on Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company raised their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Barclays decreased their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average price target of $37.20.

Keurig Dr Pepper Trading Down 0.5 %

NASDAQ:KDP opened at $37.83 on Monday. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.79 and a beta of 0.61. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $35.47 and its two-hundred day moving average price is $33.56. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. Keurig Dr Pepper’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. On average, equities analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $2,564,000. Heritage Oak Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $208,000. Aristides Capital LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $501,000. Truist Financial Corp raised its holdings in shares of Keurig Dr Pepper by 169.3% during the 2nd quarter. Truist Financial Corp now owns 238,251 shares of the company’s stock worth $7,958,000 after buying an additional 149,776 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $127,000. 85.23% of the stock is owned by institutional investors and hedge funds.

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.