UBS Group Increases Keurig Dr Pepper (NASDAQ:KDP) Price Target to $42.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target hoisted by UBS Group from $40.00 to $42.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 18.61% from the stock’s previous close.

A number of other brokerages have also recently commented on KDP. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Argus initiated coverage on Keurig Dr Pepper in a research report on Wednesday. They set a “buy” rating and a $40.00 target price on the stock. TD Cowen decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.21.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $35.41 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a fifty day moving average price of $33.82 and a two-hundred day moving average price of $33.28. The stock has a market cap of $48.04 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper has a one year low of $30.12 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the sale, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arvest Bank Trust Division acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at $1,858,000. Wilmington Savings Fund Society FSB lifted its holdings in Keurig Dr Pepper by 441.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company’s stock valued at $3,559,000 after purchasing an additional 77,414 shares in the last quarter. Tidal Investments LLC grew its position in shares of Keurig Dr Pepper by 26.5% in the third quarter. Tidal Investments LLC now owns 237,887 shares of the company’s stock valued at $8,916,000 after purchasing an additional 49,865 shares during the period. Peapack Gladstone Financial Corp purchased a new stake in shares of Keurig Dr Pepper during the third quarter worth about $338,000. Finally, Franklin Resources Inc. raised its position in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after purchasing an additional 41,466 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

About Keurig Dr Pepper

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.