Keurig Dr Pepper (NASDAQ:KDP) Earns Buy Rating from Analysts at Argus

Investment analysts at Argus began coverage on shares of Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a "buy" rating and a $40.00 price target on the stock. Argus' target price would suggest a potential upside of 12.97% from the stock's current price.

A number of other equities analysts also recently commented on KDP. JPMorgan Chase & Co. lifted their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. TD Cowen decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $39.21.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded up $0.30 during trading hours on Wednesday, reaching $35.41. The company had a trading volume of 13,957,300 shares, compared to its average volume of 9,948,961. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper has a 1-year low of $30.12 and a 1-year high of $38.28. The business's 50 day moving average price is $33.82 and its 200-day moving average price is $33.28. The firm has a market cap of $48.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $0.55 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Buying and Selling

In other news, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the transaction, the insider now directly owns 187,537 shares of the company's stock, valued at $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,421,350 shares of company stock valued at $2,757,137,010 over the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Keurig Dr Pepper

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares in the last quarter. Wellington Management Group LLP boosted its stake in Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after acquiring an additional 1,962,195 shares during the period. Finally, Invesco Ltd. raised its position in Keurig Dr Pepper by 19.6% in the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock valued at $693,972,000 after purchasing an additional 3,539,463 shares during the period. Hedge funds and other institutional investors own 93.99% 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.