Keurig Dr Pepper (NASDAQ:KDP) Rating Increased to Buy at Citigroup

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a report released on Monday, Briefing.com reports. The brokerage presently has a $43.00 target price on the stock, up from their prior target price of $36.00. Citigroup’s price objective would suggest a potential upside of 14.79% from the stock’s current price.

A number of other brokerages have also issued reports on KDP. 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. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. BNP Paribas started coverage on Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Barclays reduced their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, UBS Group boosted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.21.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $37.46 on Monday. The company has a market capitalization of $50.78 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $37.84. The business has a 50-day moving average of $35.37 and a 200-day moving average of $33.47.

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

Institutional Trading of Keurig Dr Pepper

A number of institutional investors have recently made changes to their positions in KDP. Farmers & Merchants Investments Inc. boosted its stake in Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares in the last quarter. Federated Hermes Inc. grew its holdings in Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares during the period. Morningstar Investment Management LLC raised its position in Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after acquiring an additional 328 shares in the last quarter. Mather Group LLC. boosted its position in shares of Keurig Dr Pepper by 29.0% during the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock valued at $53,000 after purchasing an additional 392 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. US Bancorp DE now owns 121,107 shares of the company’s stock worth $4,035,000 after purchasing an additional 503 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

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.