Keurig Dr Pepper (NYSE:KDP) PT Raised to $32.00 at Morgan Stanley

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Keurig Dr Pepper (NYSE:KDP) had its price target upped by investment analysts at Morgan Stanley from $30.00 to $32.00 in a note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 4.61% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. SunTrust Banks reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Wednesday, April 29th. Evercore ISI raised Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Monday, June 1st. Citigroup upped their price target on Keurig Dr Pepper from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Jefferies Financial Group upped their price target on Keurig Dr Pepper from $36.00 to $39.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $31.00 price target on shares of Keurig Dr Pepper in a report on Thursday, April 30th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.63.

KDP opened at $30.59 on Friday. The company has a market capitalization of $43.04 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.31 and a quick ratio of 0.23. Keurig Dr Pepper has a 1-year low of $18.98 and a 1-year high of $32.00. The business has a 50 day moving average price of $29.12 and a two-hundred day moving average price of $27.40.

Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Keurig Dr Pepper had a return on equity of 7.91% and a net margin of 10.32%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Equities analysts expect that Keurig Dr Pepper will post 1.4 EPS for the current fiscal year.

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab purchased 7,380,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $27.16 per share, with a total value of $200,440,800.00. Also, Director Robert S. Singer purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $28.14 per share, with a total value of $28,140.00. Following the transaction, the director now directly owns 65,500 shares of the company’s stock, valued at $1,843,170. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Keurig Dr Pepper by 112.0% during the 1st quarter. Signaturefd LLC now owns 1,338 shares of the company’s stock worth $32,000 after buying an additional 707 shares during the period. Veritas Investment Management LLP bought a new stake in shares of Keurig Dr Pepper during the 1st quarter worth about $34,000. Versant Capital Management Inc boosted its holdings in shares of Keurig Dr Pepper by 225.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,207 shares of the company’s stock worth $34,000 after buying an additional 836 shares during the period. FDx Advisors Inc. bought a new stake in Keurig Dr Pepper in the 1st quarter valued at about $35,000. Finally, Sowell Financial Services LLC boosted its holdings in Keurig Dr Pepper by 57.1% in the 1st quarter. Sowell Financial Services LLC now owns 1,477 shares of the company’s stock valued at $36,000 after purchasing an additional 537 shares during the period. 22.86% 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.

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Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

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