Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $32.00 at Barclays

Keurig Dr Pepper (NASDAQ:KDP) had its price objective increased by equities research analysts at Barclays from $30.00 to $32.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 4.72% from the stock’s previous close.

A number of other brokerages also recently weighed in on KDP. Wells Fargo & Company increased their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Piper Sandler boosted their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.41 during trading hours on Thursday, hitting $30.56. The company had a trading volume of 2,038,609 shares, compared to its average volume of 10,560,968. The firm’s fifty day moving average is $28.24 and its 200 day moving average is $28.26. Keurig Dr Pepper has a 12 month low of $25.03 and a 12 month high of $36.12. The firm has a market capitalization of $41.52 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.28 and a beta of 0.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.64.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.Keurig Dr Pepper’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, sell-side analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. The trade was a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors have recently made changes to their positions in the stock. NewSquare Capital LLC grew its holdings in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC purchased a new position in Keurig Dr Pepper during the 2nd quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper during the third quarter valued at $26,000. Salomon & Ludwin LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at about $26,000. Finally, Clearstead Trust LLC increased its position in shares of Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after acquiring an additional 536 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.