Keurig Dr Pepper (NYSE:KDP) has been given a $35.00 price objective by stock analysts at SunTrust Banks in a report released on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the stock. SunTrust Banks’ price target points to a potential upside of 28.11% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada set a $31.00 price objective on shares of Keurig Dr Pepper and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Guggenheim reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Friday. Zacks Investment Research raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, June 19th. Finally, Credit Suisse Group began coverage on shares of Keurig Dr Pepper in a research note on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Keurig Dr Pepper has a consensus rating of “Buy” and a consensus price target of $30.27.
Shares of KDP traded up $0.32 on Friday, hitting $27.32. 1,544,600 shares of the stock traded hands, compared to its average volume of 2,545,028. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $38.29 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.45 and a beta of 0.45. The stock’s 50 day moving average is $27.50 and its two-hundred day moving average is $28.16. Keurig Dr Pepper has a 1 year low of $22.19 and a 1 year high of $31.06.
Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.86 billion. Keurig Dr Pepper had a net margin of 8.82% and a return on equity of 7.15%. The company’s quarterly revenue was up 196.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Research analysts forecast that Keurig Dr Pepper will post 1.22 EPS for the current year.
In related news, insider Brian Andrew Loucks purchased 18,554 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $28.31 per share, with a total value of $525,263.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer purchased 6,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of $27.01 per share, for a total transaction of $162,060.00. In the last ninety days, insiders have acquired 68,727 shares of company stock worth $1,609,501. 0.44% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. FMR LLC raised its stake in shares of Keurig Dr Pepper by 12.9% in the 1st quarter. FMR LLC now owns 31,147,243 shares of the company’s stock valued at $871,188,000 after acquiring an additional 3,554,304 shares during the period. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 13,724,226 shares of the company’s stock valued at $396,631,000 after acquiring an additional 2,713,806 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at $346,987,000. D. E. Shaw & Co. Inc. raised its stake in shares of Keurig Dr Pepper by 177.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 9,578,432 shares of the company’s stock valued at $276,816,000 after acquiring an additional 6,128,458 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Keurig Dr Pepper by 426.3% in the 2nd quarter. Prudential Financial Inc. now owns 3,429,881 shares of the company’s stock valued at $99,124,000 after acquiring an additional 2,778,138 shares during the period. 19.53% of the stock is currently owned by institutional investors and hedge funds.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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