Keurig Dr Pepper (NASDAQ:KDP) Upgraded to “Strong-Buy” at Sanford C. Bernstein

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by research analysts at Sanford C. Bernstein to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on KDP. Deutsche Bank Aktiengesellschaft reduced their price objective on 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. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. Wells Fargo & Company reduced their price target on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Barclays lifted their price target on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Finally, UBS Group lifted their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Keurig Dr Pepper Trading Up 1.5%

Keurig Dr Pepper stock opened at $31.71 on Thursday. The stock has a 50-day moving average of $28.52 and a two-hundred day moving average of $28.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper has a one year low of $24.88 and a one year high of $35.94. The stock has a market cap of $43.14 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the business posted $0.42 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Keurig Dr Pepper will post 2.29 EPS for the current fiscal year.

Institutional Trading of Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of KDP. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. grew its holdings in Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares during the period. Clearstead Trust LLC grew its holdings in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares during the period. Activest Wealth Management grew its holdings in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $31,000. 93.99% of the stock is owned by institutional investors and hedge funds.

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.