Wells Fargo & Company Forecasts Strong Price Appreciation for Keurig Dr Pepper (NASDAQ:KDP) Stock

Keurig Dr Pepper (NASDAQ:KDP) had its price target lifted by stock analysts at Wells Fargo & Company from $35.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 31.88% from the company’s previous close.

A number of other brokerages also recently issued reports on KDP. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Barclays raised their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Finally, Piper Sandler boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Trading Up 0.6%

Shares of KDP opened at $30.33 on Wednesday. The stock has a market capitalization of $41.21 billion, a PE ratio of 19.82, a P/E/G ratio of 2.14 and a beta of 0.34. The company’s fifty day moving average is $28.28 and its 200 day moving average is $28.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.64. Keurig Dr Pepper has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $4.50 billion during 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 revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Sell-side analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KDP. NewSquare Capital LLC boosted its holdings in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper in the third quarter worth $26,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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.