Keurig Dr Pepper (NASDAQ:KDP) Upgraded to "Overweight" at Morgan Stanley

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) was upgraded by investment analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $40.00 target price on the stock, up from their prior target price of $38.00. Morgan Stanley's target price would suggest a potential upside of 18.31% from the company's previous close.

Several other analysts also recently issued reports on the company. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a "neutral" rating and a $35.00 price objective on the stock. UBS Group reissued a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Finally, Barclays set a $39.00 target price on Keurig Dr Pepper in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $38.38.

Keurig Dr Pepper Stock Down 5.1 %

Shares of Keurig Dr Pepper stock traded down $1.82 during trading hours on Tuesday, hitting $33.81. 16,131,885 shares of the company's stock traded hands, compared to its average volume of 9,742,775. The stock has a 50 day simple moving average of $33.05 and a 200-day simple moving average of $33.48. Keurig Dr Pepper has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a market cap of $45.87 billion, a PE ratio of 20.49, a PEG ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

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 for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the business earned $0.55 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the sale, the insider now owns 166,511 shares of the company's stock, valued at $5,791,252.58. This trade represents a 6.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 84,409,350 shares of company stock valued at $2,756,709,930 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Keurig Dr Pepper

A number of hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank grew its holdings in shares of Keurig Dr Pepper by 229.6% during the 1st quarter. First Hawaiian Bank now owns 25,673 shares of the company's stock worth $879,000 after purchasing an additional 17,884 shares in the last quarter. Norman Fields Gottscho Capital Management LLC boosted its stake in Keurig Dr Pepper by 13.5% during the first quarter. Norman Fields Gottscho Capital Management LLC now owns 7,150 shares of the company's stock worth $245,000 after buying an additional 850 shares in the last quarter. California State Teachers Retirement System increased its holdings in Keurig Dr Pepper by 6.4% in the 4th quarter. California State Teachers Retirement System now owns 1,998,198 shares of the company's stock valued at $64,182,000 after buying an additional 119,546 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Keurig Dr Pepper by 10.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,532 shares of the company's stock valued at $820,000 after buying an additional 2,355 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in Keurig Dr Pepper in the fourth quarter valued at about $11,863,000. 93.99% of the stock is owned by institutional investors.

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.