Keurig Dr Pepper (NASDAQ:KDP) Earns "Outperform" Rating from Royal Bank of Canada

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Royal Bank of Canada in a research report issued on Tuesday,Benzinga reports. They currently have a $42.00 price target on the stock. Royal Bank of Canada's target price would indicate a potential upside of 22.09% from the stock's previous close.

A number of other analysts have also recently weighed in on KDP. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen decreased their target price on shares of 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 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $39.40.

Keurig Dr Pepper Trading Down 0.2 %

Shares of Keurig Dr Pepper stock traded down $0.06 during trading hours on Tuesday, reaching $34.40. 9,610,834 shares of the company's stock were exchanged, compared to its average volume of 10,022,479. The company has a fifty day moving average of $34.13 and a 200-day moving average of $33.23. Keurig Dr Pepper has a 52-week low of $30.12 and a 52-week high of $38.28. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Sell-side analysts forecast that Keurig Dr Pepper will post 1.92 EPS 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 business's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. Insiders own 1.00% of the company's stock.

Institutional Trading of Keurig Dr Pepper

Institutional investors and hedge funds have recently bought and sold shares of the stock. Townsquare Capital LLC boosted its position in Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after purchasing an additional 327 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after buying an additional 342 shares in the last quarter. First American Bank grew its holdings in Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company's stock worth $2,038,000 after acquiring an additional 344 shares during the last quarter. Barden Capital Management Inc. boosted its holdings in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after acquiring an additional 353 shares during the last quarter. Finally, Custom Index Systems LLC lifted its holdings in Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after buying an additional 357 shares during the period. 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.