Keurig Dr Pepper (NASDAQ:KDP) Rating Increased to Hold at Evercore ISI

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by research analysts at Evercore ISI to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their target price for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Wells Fargo & Company upped their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. BNP Paribas initiated coverage on Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 price target on the stock. Finally, Barclays dropped their price objective 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.50.

Keurig Dr Pepper Trading Down 0.3 %

Shares of Keurig Dr Pepper stock opened at $36.86 on Thursday. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $37.58. The company’s fifty day simple moving average is $34.40 and its 200-day simple moving average is $32.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a market capitalization of $49.97 billion, a PE ratio of 23.78, a P/E/G ratio of 2.75 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Institutional Investors Weigh In On Keurig Dr Pepper

Several large investors have recently bought and sold shares of KDP. Blue Trust Inc. grew its stake in shares of Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after buying an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after acquiring an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Keurig Dr Pepper during the second quarter worth approximately $35,000. Finally, Riverview Trust Co purchased a new stake in Keurig Dr Pepper during the second quarter valued at approximately $39,000. Institutional investors own 85.23% of the company’s stock.

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.