Keurig Dr Pepper (NYSE:KDP) PT Set at $31.00 by Royal Bank of Canada

Keurig Dr Pepper (NYSE:KDP) has been given a $31.00 price objective by equities researchers at Royal Bank of Canada in a report released on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 8.79% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Morgan Stanley set a $24.00 price target on shares of Keurig Dr Pepper and gave the stock a “sell” rating in a research report on Friday. Credit Suisse Group started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price target on the stock. BMO Capital Markets upgraded shares of Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Bank of America boosted their price target on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday. Finally, ValuEngine upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.24.

Shares of NYSE KDP traded down $0.59 during trading on Friday, hitting $28.50. The company had a trading volume of 1,885,653 shares, compared to its average volume of 2,733,809. The firm’s fifty day simple moving average is $28.77. Keurig Dr Pepper has a fifty-two week low of $22.19 and a fifty-two week high of $31.06. The firm has a market capitalization of $40.84 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.56 and a beta of 0.46. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 0.58.

Keurig Dr Pepper (NYSE:KDP) last announced its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Keurig Dr Pepper had a net margin of 8.82% and a return on equity of 7.15%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the business earned $1.30 earnings per share. The company’s revenue for the quarter was up 196.3% compared to the same quarter last year. Sell-side analysts predict that Keurig Dr Pepper will post 1.22 EPS for the current year.

In related news, Director Robert S. Singer purchased 2,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, May 24th. The shares were acquired at an average cost of $28.98 per share, with a total value of $57,960.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert S. Singer purchased 3,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, May 16th. The stock was bought at an average cost of $28.93 per share, for a total transaction of $86,790.00. The disclosure for this purchase can be found here. Insiders own 0.44% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Keurig Dr Pepper by 12.9% in the 1st quarter. FMR LLC now owns 31,147,243 shares of the company’s stock valued at $871,188,000 after acquiring an additional 3,554,304 shares during the period. JPMorgan Chase & Co. increased its stake in Keurig Dr Pepper by 1.5% during the 1st quarter. JPMorgan Chase & Co. now owns 6,141,313 shares of the company’s stock worth $171,773,000 after buying an additional 87,790 shares during the period. Victory Capital Management Inc. increased its stake in Keurig Dr Pepper by 58.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,640,711 shares of the company’s stock worth $101,831,000 after buying an additional 1,346,792 shares during the period. Prudential Financial Inc. increased its stake in Keurig Dr Pepper by 426.3% during the 2nd quarter. Prudential Financial Inc. now owns 3,429,881 shares of the company’s stock worth $99,124,000 after buying an additional 2,778,138 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Keurig Dr Pepper by 1,036.5% during the 1st quarter. Wells Fargo & Company MN now owns 2,019,618 shares of the company’s stock worth $56,488,000 after buying an additional 1,841,915 shares during the period. 14.26% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

Recommended Story: Hedge Funds – How They Work For Investors

Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit