Wells Fargo & Company Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $37.00

Keurig Dr Pepper (NASDAQ:KDP) had its price objective dropped by equities researchers at Wells Fargo & Company from $40.00 to $37.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 43.88% from the stock’s previous close.

Several other brokerages have also commented on KDP. UBS Group lowered 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 research report on Tuesday. Barclays lifted their price objective 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. Evercore raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.86.

Keurig Dr Pepper Stock Up 1.0%

Shares of KDP traded up $0.25 during trading hours on Wednesday, reaching $25.72. 3,145,370 shares of the stock traded hands, compared to its average volume of 10,518,793. 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 simple moving average of $27.94 and a 200 day simple moving average of $27.58. Keurig Dr Pepper has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.28 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating 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 company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the firm earned $0.58 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, equities analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Institutional Trading of Keurig Dr Pepper

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC raised its position in shares of Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares during the period. Mather Group LLC. bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $30,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares during the period. Institutional investors own 93.99% of the company’s stock.

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.