Wells Fargo & Company Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $37.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price decreased by Wells Fargo & Company from $40.00 to $37.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 43.88% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. UBS Group reduced their price objective on shares of Keurig Dr Pepper from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday. Piper Sandler boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Barclays boosted their price objective on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.86.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.25 during mid-day trading on Wednesday, hitting $25.72. 3,145,370 shares of the stock traded hands, compared to its average volume of 10,518,793. The business’s 50-day moving average price is $27.94 and its 200 day moving average price is $27.58. The company has a market cap of $34.94 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.28 and a beta of 0.35. Keurig Dr Pepper has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51.

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

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently bought and sold shares of KDP. NewEdge Advisors LLC grew its stake in Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC grew its stake in Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares in the last quarter. Woodline Partners LP grew its stake in Keurig Dr Pepper by 49.2% in the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after buying an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Keurig Dr Pepper in the 2nd quarter worth approximately $328,000. Finally, Jump Financial LLC lifted its holdings in shares of Keurig Dr Pepper by 253.6% in the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after acquiring an additional 54,571 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

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.