JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Keurig Dr Pepper (NASDAQ:KDP) Stock

Keurig Dr Pepper (NASDAQ:KDP) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $37.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.07% from the company’s current price.

A number of other brokerages have also weighed in on KDP. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Piper Sandler began coverage on Keurig Dr Pepper in a research report on Tuesday. They set a “neutral” rating and a $35.00 price objective for the company. Barclays reissued an “overweight” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday. Morgan Stanley upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Trading Down 0.4 %

NASDAQ:KDP opened at $33.60 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business’s 50-day simple moving average is $31.91 and its 200-day simple moving average is $33.94. Keurig Dr Pepper has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The stock has a market capitalization of $45.57 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds have recently added to or reduced their stakes in the business. AMF Tjanstepension AB bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth about $2,557,000. International Assets Investment Management LLC grew its position in shares of Keurig Dr Pepper by 6,430.6% in the third quarter. International Assets Investment Management LLC now owns 114,351 shares of the company’s stock valued at $4,286,000 after purchasing an additional 112,600 shares during the last quarter. Allworth Financial LP increased its stake in shares of Keurig Dr Pepper by 12.2% during the third quarter. Allworth Financial LP now owns 10,095 shares of the company’s stock worth $378,000 after purchasing an additional 1,094 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Keurig Dr Pepper by 47.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,177 shares of the company’s stock worth $869,000 after purchasing an additional 7,477 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Keurig Dr Pepper by 3.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

About Keurig Dr Pepper

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.