Keurig Dr Pepper (NASDAQ:KDP) Upgraded at Evercore

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by equities research analysts at Evercore to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. UBS Group cut their price objective on shares of Keurig Dr Pepper from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Piper Sandler boosted their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Barclays boosted their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, Wells Fargo & Company boosted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $34.07.

Keurig Dr Pepper Stock Down 0.9%

Shares of NASDAQ KDP opened at $25.47 on Monday. Keurig Dr Pepper has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a market cap of $34.61 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.28 and a beta of 0.35. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $27.94 and a 200 day moving average price of $27.58.

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

Institutional Trading of Keurig Dr Pepper

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Keurig Dr Pepper by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock worth $4,508,456,000 after acquiring an additional 1,538,456 shares during the period. State Street Corp lifted its stake in shares of Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after acquiring an additional 986,700 shares during the period. Wellington Management Group LLP lifted its stake in shares of Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after acquiring an additional 15,393,753 shares during the period. Geode Capital Management LLC lifted its stake in shares of Keurig Dr Pepper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock worth $887,021,000 after acquiring an additional 1,187,457 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $727,667,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Company Profile

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.