Keurig Dr Pepper Inc. (NASDAQ:KDP) Receives Average Recommendation of “Buy” from Brokerages

Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $39.67.

Separately, Truist Financial cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a report on Tuesday, March 22nd.

In other Keurig Dr Pepper news, insider Maria A. Sceppaguercio-Gever sold 8,275 shares of the firm’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $37.75, for a total transaction of $312,381.25. Following the transaction, the insider now owns 130,435 shares of the company’s stock, valued at approximately $4,923,921.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Herbert Derek Hopkins sold 37,500 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $37.70, for a total transaction of $1,413,750.00. Following the transaction, the insider now owns 212,110 shares of the company’s stock, valued at approximately $7,996,547. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of KDP. Amundi Pioneer Asset Management Inc. boosted its position in shares of Keurig Dr Pepper by 124.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,049 shares of the company’s stock valued at $1,567,000 after purchasing an additional 31,025 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 42,705 shares of the company’s stock valued at $1,459,000 after purchasing an additional 2,826 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Keurig Dr Pepper by 26.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 162,886 shares of the company’s stock valued at $5,564,000 after purchasing an additional 34,124 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $52,000. Finally, Advisory Services Network LLC boosted its position in shares of Keurig Dr Pepper by 8,186.6% during the 3rd quarter. Advisory Services Network LLC now owns 15,413 shares of the company’s stock valued at $527,000 after purchasing an additional 15,227 shares in the last quarter. Institutional investors own 50.58% of the company’s stock.

KDP stock opened at $37.00 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. Keurig Dr Pepper has a fifty-two week low of $32.44 and a fifty-two week high of $39.35. The firm’s 50-day simple moving average is $37.57 and its 200 day simple moving average is $36.98. The stock has a market cap of $52.49 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. Keurig Dr Pepper had a net margin of 18.71% and a return on equity of 9.22%. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper will post 1.69 EPS for the current fiscal year.

About Keurig Dr Pepper (Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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