Wells Fargo & Company Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $37.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target cut by equities research analysts at Wells Fargo & Company from $40.00 to $37.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 40.05% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. UBS Group decreased their target price on shares of Keurig Dr Pepper from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Finally, Piper Sandler raised their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.86.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $26.42 on Wednesday. The firm’s 50 day moving average price is $27.91 and its 200-day moving average price is $27.56. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $35.90 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.30 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Equities research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently modified their holdings of the stock. AustralianSuper Pty Ltd purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at about $1,217,000. Bank of New York Mellon Corp lifted its holdings in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock valued at $202,221,000 after acquiring an additional 223,160 shares during the last quarter. Candriam S.C.A. lifted its holdings in shares of Keurig Dr Pepper by 50.9% in the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after acquiring an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Keurig Dr Pepper by 69.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock valued at $2,660,000 after acquiring an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Keurig Dr Pepper by 83.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after acquiring an additional 93,374 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

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.