Keurig Dr Pepper (NASDAQ:KDP) Rating Increased to Hold at Evercore

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by equities researchers at Evercore to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Piper Sandler upped their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reduced their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Barclays boosted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $34.07.

Keurig Dr Pepper Trading Down 0.9%

KDP stock opened at $25.47 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper has a 12-month low of $24.88 and a 12-month high of $35.94. The stock has a market cap of $34.61 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.28 and a beta of 0.35. The business’s 50-day moving average is $27.94 and its 200 day moving average is $27.58.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm posted $0.58 EPS. Keurig Dr Pepper’s revenue was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KDP. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper in the third quarter valued at about $26,000. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $26,000. Clearstead Trust LLC increased its stake in shares of Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. grew its stake in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.