Keurig Dr Pepper (NASDAQ:KDP) Given New $40.00 Price Target at JPMorgan Chase & Co.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $37.00 to $40.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 19.33% from the company's current price.

A number of other research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday. Morgan Stanley boosted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday. Barclays reiterated an "overweight" rating and set a $36.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday. Finally, Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday. They set a "neutral" rating and a $35.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.23.

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Keurig Dr Pepper Trading Down 0.3 %

Shares of NASDAQ KDP traded down $0.09 during midday trading on Wednesday, reaching $33.52. The stock had a trading volume of 36,649,107 shares, compared to its average volume of 11,659,468. The firm has a market cap of $45.48 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company's 50 day moving average price is $31.93 and its 200 day moving average price is $33.92.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, sell-side analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Keurig Dr Pepper

Institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $25,000. New Age Alpha Advisors LLC grew its stake in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after acquiring an additional 389 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $35,000. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $37,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $42,000. 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.