Keurig Dr Pepper Inc (NYSE:KDP) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.55.

A number of research firms have recently commented on KDP. ValuEngine cut Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Guggenheim initiated coverage on Keurig Dr Pepper in a research report on Thursday, September 13th. They issued a “neutral” rating and a $22.00 price target on the stock. Zacks Investment Research upgraded Keurig Dr Pepper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Citigroup boosted their price target on Keurig Dr Pepper from $15.46 to $26.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, Susquehanna Bancshares initiated coverage on Keurig Dr Pepper in a research report on Wednesday, July 25th. They issued a “positive” rating and a $33.00 price target on the stock.

In other Keurig Dr Pepper news, insider Herbert Derek Hopkins acquired 22,000 shares of the stock in a transaction on Tuesday, August 28th. The shares were bought at an average price of $22.94 per share, with a total value of $504,680.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert S. Singer acquired 10,000 shares of the stock in a transaction on Thursday, August 30th. The stock was acquired at an average cost of $23.17 per share, for a total transaction of $231,700.00. The disclosure for this purchase can be found here. Insiders purchased a total of 145,252 shares of company stock worth $3,483,758 in the last 90 days. 0.58% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $21,355,000. Legal & General Group Plc purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $12,095,000. Kepos Capital LP purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $3,823,000. Rehmann Capital Advisory Group purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $289,000. Finally, Sawgrass Asset Management LLC purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $9,442,000. 11.75% of the stock is currently owned by institutional investors.

KDP opened at $26.31 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.28 and a current ratio of 0.40. Keurig Dr Pepper has a one year low of $20.46 and a one year high of $126.65. The stock has a market cap of $38.49 billion, a PE ratio of 5.80, a PEG ratio of 1.59 and a beta of 0.47.

Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Wednesday, November 7th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a return on equity of 15.76% and a net margin of 13.55%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was up 139.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Keurig Dr Pepper will post 1.04 EPS for the current year.

About Keurig Dr Pepper

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

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