Brokerages Set Keurig Dr Pepper Inc. (NASDAQ:KDP) Price Target at $36.50

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $36.50.

Several analysts recently weighed in on KDP shares. BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company raised their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Barclays decreased their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research report on Friday, July 26th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Capital World Investors increased its stake in shares of Keurig Dr Pepper by 14.6% during the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after acquiring an additional 13,738,345 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Keurig Dr Pepper by 107.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after acquiring an additional 12,259,471 shares during the period. Norges Bank acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $317,979,000. Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after acquiring an additional 7,825,418 shares during the period. Finally, Pathstone Holdings LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $105,569,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 1.1 %

KDP stock opened at $37.27 on Friday. The company has a market cap of $50.54 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.77 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. Keurig Dr Pepper has a 12 month low of $27.66 and a 12 month high of $37.58. The firm has a 50-day moving average of $34.49 and a two-hundred day moving average of $33.00.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. As a group, analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

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.