Keurig Dr Pepper (NASDAQ:KDP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Keurig Dr Pepper (NASDAQ:KDP) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $38.00 to $39.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 11.66% from the stock’s current price.

A number of other research firms have also commented on KDP. UBS Group upped their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Piper Sandler reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 14th. Finally, The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.07.

Keurig Dr Pepper Trading Up 1.3%

NASDAQ:KDP traded up $0.46 during trading hours on Thursday, hitting $34.93. 1,391,901 shares of the company were exchanged, compared to its average volume of 11,779,395. The stock has a market capitalization of $47.53 billion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 1.65 and a beta of 0.40. Keurig Dr Pepper has a one year low of $24.88 and a one year high of $34.99. The company has a fifty day simple moving average of $31.90 and a 200 day simple moving average of $30.53. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. The firm’s revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Sell-side analysts expect that Keurig Dr Pepper will post 2.30 EPS for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 9,500 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the transaction, the vice president owned 55,786 shares of the company’s stock, valued at $1,824,202.20. This represents a 14.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aaron E. Alt purchased 7,862 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $31.83 per share, with a total value of $250,247.46. Following the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Keurig Dr Pepper during the second quarter valued at about $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Keurig Dr Pepper in the second quarter worth about $767,105,000. Dimensional Fund Advisors LP raised its position in shares of Keurig Dr Pepper by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after purchasing an additional 103,505 shares during the period. Bank of America Corp DE purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at approximately $281,503,000. Finally, Legal & General Group Plc purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at approximately $269,336,000. 93.99% of the stock is currently owned by institutional investors.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.