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 raised by JPMorgan Chase & Co. from $32.00 to $33.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 13.89% from the company’s previous close.

A number of other research firms also recently commented on KDP. Zacks Research upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Wells Fargo & Company dropped their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday. Finally, UBS Group reissued a “buy” rating and issued a $34.00 target price 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 assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.43.

Read Our Latest Stock Analysis on Keurig Dr Pepper

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded up $0.45 during mid-day trading on Friday, hitting $28.98. The stock had a trading volume of 5,073,583 shares, compared to its average volume of 10,811,591. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.34 and a beta of 0.35. The company has a 50 day simple moving average of $27.52 and a 200-day simple moving average of $27.61. Keurig Dr Pepper has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51.

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

Institutional Trading of Keurig Dr Pepper

A number of hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $26,000. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $26,000. Clearstead Trust LLC increased its position in Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after acquiring an additional 536 shares in the last quarter. Mather Group LLC. acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. increased its position in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Key Stories Impacting Keurig Dr Pepper

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About Keurig Dr Pepper

(Get Free Report)

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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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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