Keurig Dr Pepper (NASDAQ:KDP) Given New $42.00 Price Target at UBS Group

Keurig Dr Pepper (NASDAQ:KDP) had its target price lifted by equities research analysts at UBS Group from $40.00 to $42.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 17.89% from the company’s current price.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, TD Cowen lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $39.21.

Keurig Dr Pepper Stock Performance

KDP stock traded up $0.52 during mid-day trading on Thursday, hitting $35.63. The company had a trading volume of 3,895,990 shares, compared to its average volume of 9,904,056. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market cap of $48.33 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper has a 12 month low of $30.12 and a 12 month high of $38.28. The stock’s fifty day moving average price is $33.65 and its two-hundred day moving average price is $33.31.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 completion of the sale, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,409,350 shares of company stock worth $2,756,709,930. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KDP. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after acquiring an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock worth $10,400,000 after buying an additional 112,819 shares during the period. Franklin Resources Inc. boosted its position in Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after buying an additional 41,466 shares during the period. Swedbank AB grew its holdings in Keurig Dr Pepper by 1.8% in the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after acquiring an additional 13,179 shares during the last quarter. Finally, RWC Asset Management LLP increased its position in shares of Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock valued at $49,885,000 after acquiring an additional 398,916 shares during the period. 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.