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

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) had its target price boosted by analysts at JPMorgan Chase & Co. from $32.00 to $33.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 13.89% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. UBS Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of Keurig Dr Pepper in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Wells Fargo & Company reduced their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.43.

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Keurig Dr Pepper Stock Up 1.6%

KDP stock traded up $0.45 during mid-day trading on Friday, hitting $28.98. 5,073,583 shares of the company were exchanged, compared to its average volume of 10,811,591. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The firm has a market cap of $39.37 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.34 and a beta of 0.35. The firm’s 50 day simple moving average is $27.52 and its 200 day simple moving average is $27.61. Keurig Dr Pepper has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Keurig Dr Pepper will post 2.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. IFM Investors Pty Ltd increased its stake in shares of Keurig Dr Pepper by 10.5% in the first quarter. IFM Investors Pty Ltd now owns 341,885 shares of the company’s stock valued at $9,002,000 after buying an additional 32,606 shares during the period. Patton Fund Management Inc. bought a new stake in Keurig Dr Pepper in the first quarter valued at approximately $290,000. Pictet Asset Management Holding SA boosted its holdings in Keurig Dr Pepper by 16.8% in the first quarter. Pictet Asset Management Holding SA now owns 865,597 shares of the company’s stock valued at $22,792,000 after acquiring an additional 124,337 shares during the last quarter. Poehling Capital Management INC. boosted its holdings in Keurig Dr Pepper by 0.8% in the first quarter. Poehling Capital Management INC. now owns 125,420 shares of the company’s stock valued at $3,302,000 after acquiring an additional 953 shares during the last quarter. Finally, Grey Ledge Advisors LLC bought a new stake in Keurig Dr Pepper in the first quarter valued at approximately $587,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

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Keurig Dr Pepper Company Profile

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Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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