Keurig Dr Pepper (NYSE:KDP) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.
Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, June 19th. SunTrust Banks set a $35.00 target price on shares of Keurig Dr Pepper and gave the company a “buy” rating in a research note on Friday, September 27th. Morgan Stanley set a $24.00 target price on shares of Keurig Dr Pepper and gave the company a “sell” rating in a research note on Friday, August 9th. BMO Capital Markets upgraded shares of Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Finally, Bank of America boosted their target price on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.27.
KDP opened at $27.81 on Thursday. The stock has a market capitalization of $38.12 billion, a PE ratio of 23.57, a P/E/G ratio of 1.45 and a beta of 0.46. The firm’s fifty day moving average price is $27.22 and its 200 day moving average price is $28.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.33 and a quick ratio of 0.23. Keurig Dr Pepper has a 12-month low of $22.51 and a 12-month high of $31.06.
Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, beating the 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 firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The firm’s revenue for the quarter was up 196.3% compared to the same quarter last year. On average, equities research analysts forecast that Keurig Dr Pepper will post 1.22 earnings per share for the current fiscal year.
In other news, Director Robert S. Singer purchased 3,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average price of $28.65 per share, for a total transaction of $85,950.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer purchased 6,000 shares of the stock in a transaction dated Tuesday, October 8th. The shares were purchased at an average price of $27.64 per share, with a total value of $165,840.00. Insiders have bought 80,727 shares of company stock valued at $1,937,641 in the last 90 days. Insiders own 0.44% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group grew its position in shares of Keurig Dr Pepper by 10.5% during the second quarter. Rehmann Capital Advisory Group now owns 8,284 shares of the company’s stock worth $239,000 after acquiring an additional 790 shares during the last quarter. MRA Associates USA LLC bought a new position in shares of Keurig Dr Pepper during the second quarter worth about $25,000. Catalyst Capital Advisors LLC grew its position in shares of Keurig Dr Pepper by 91.4% during the second quarter. Catalyst Capital Advisors LLC now owns 1,950 shares of the company’s stock worth $56,000 after acquiring an additional 931 shares during the last quarter. GYL Financial Synergies LLC grew its position in shares of Keurig Dr Pepper by 3.7% during the first quarter. GYL Financial Synergies LLC now owns 28,175 shares of the company’s stock worth $788,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Pearl River Capital LLC bought a new position in shares of Keurig Dr Pepper during the second quarter worth about $31,000. Institutional investors and hedge funds own 19.53% of the company’s stock.
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.
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