Keurig Dr Pepper’s (KDP) Outperform Rating Reiterated at Royal Bank of Canada

Keurig Dr Pepper (NASDAQ:KDP)‘s stock had its “outperform” rating restated by research analysts at Royal Bank of Canada in a note issued to investors on Tuesday,Benzinga reports. They presently have a $42.00 target price on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 18.16% from the stock’s current price.

Several other analysts also recently commented on the stock. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. UBS Group boosted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.21.

Keurig Dr Pepper Trading Up 0.7 %

KDP stock traded up $0.24 during midday trading on Tuesday, reaching $35.55. The stock had a trading volume of 1,267,872 shares, compared to its average volume of 12,666,402. The business has a fifty day simple moving average of $33.89 and a two-hundred day simple moving average of $33.22. Keurig Dr Pepper has a twelve month low of $30.12 and a twelve month high of $38.28. The firm has a market cap of $48.23 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the business earned $0.55 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,421,350 shares of company stock worth $2,757,137,010 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KDP. Vanguard Group Inc. boosted its holdings in Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Keurig Dr Pepper by 36.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after buying an additional 14,473,054 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Keurig Dr Pepper by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock valued at $784,974,000 after buying an additional 1,962,195 shares during the period. Finally, Invesco Ltd. boosted its position in Keurig Dr Pepper by 19.6% during the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock valued at $693,972,000 after acquiring an additional 3,539,463 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.