Royal Bank of Canada Increases Keurig Dr Pepper (NASDAQ:KDP) Price Target to $42.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target lifted by stock analysts at Royal Bank of Canada from $41.00 to $42.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 21.46% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. TD Cowen raised their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Citigroup upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $43.00 in a research note on Monday, September 23rd. Finally, Barclays upped their price target on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $34.58 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $46.88 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The firm’s 50 day moving average price is $36.73 and its 200-day moving average price is $34.64. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. Equities research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors have recently added to or reduced their stakes in the company. State of Michigan Retirement System raised its holdings in shares of Keurig Dr Pepper by 3.6% during the 1st quarter. State of Michigan Retirement System now owns 285,400 shares of the company’s stock worth $8,753,000 after acquiring an additional 9,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Keurig Dr Pepper by 0.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,084,471 shares of the company’s stock valued at $94,601,000 after purchasing an additional 9,674 shares in the last quarter. Norden Group LLC purchased a new stake in Keurig Dr Pepper during the first quarter valued at $1,315,000. Maryland State Retirement & Pension System lifted its position in Keurig Dr Pepper by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 74,810 shares of the company’s stock valued at $2,297,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Keurig Dr Pepper by 254.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock worth $2,941,000 after buying an additional 68,840 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Company Profile

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.