Keurig Dr Pepper (NASDAQ:KDP) Price Target Raised to $39.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target lifted by UBS Group from $38.00 to $39.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 29.96% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Citigroup lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. Finally, Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded down $0.36 on Friday, reaching $30.01. 12,391,749 shares of the stock traded hands, compared to its average volume of 12,140,112. 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 $40.83 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.41 and a beta of 0.40. The firm’s fifty day simple moving average is $31.19 and its 200 day simple moving average is $29.13. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, research analysts predict that Keurig Dr Pepper will post 2.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of large investors have recently made changes to their positions in KDP. Northwestern Mutual Wealth Management Co. raised its position in shares of Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after buying an additional 39,156 shares during the last quarter. Merit Financial Group LLC increased its stake in Keurig Dr Pepper by 194.6% during the fourth quarter. Merit Financial Group LLC now owns 87,054 shares of the company’s stock valued at $2,438,000 after acquiring an additional 57,500 shares during the period. PNC Financial Services Group Inc. raised its holdings in Keurig Dr Pepper by 47.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after acquiring an additional 57,797 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Keurig Dr Pepper by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock valued at $43,489,000 after acquiring an additional 47,184 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Keurig Dr Pepper by 4,366.8% in the 4th quarter. M&T Bank Corp now owns 1,370,428 shares of the company’s stock worth $38,386,000 after acquiring an additional 1,339,748 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Key Headlines Impacting Keurig Dr Pepper

Here are the key news stories impacting Keurig Dr Pepper this week:

• Positive Sentiment: Q2 results exceeded expectations. KDP reported adjusted earnings of $0.57 per share, above consensus estimates of roughly $0.54-$0.55, while revenue reached $7.31 billion versus expectations of $7.23 billion. EPS increased from $0.49 a year earlier. Keurig Dr Pepper Reports Q2 Results and Reaffirms Guidance for 2026
• Positive Sentiment: Growth benefited from U.S. Refreshment Beverages and JDE Peet’s. Management and analysts pointed to continued momentum in the U.S. beverage business, contributions from the JDE Peet’s acquisition, and efficiency initiatives as key drivers of the quarterly performance. Reported revenue rose 75.6% year over year, although the increase was significantly affected by the acquisition. Keurig Q2 Earnings and Sales Beat Estimates on JDE Peet’s Strength
• Positive Sentiment: RBC Capital maintained a Buy rating. The continued bullish analyst stance provides support for KDP’s investment case following the earnings report. RBC Capital Remains a Buy on Keurig Dr Pepper
• Neutral Sentiment: Full-year guidance was reaffirmed rather than increased. KDP maintained its 2026 constant-currency sales outlook of $25.9 billion to $26.4 billion, broadly in line with the approximately $26.2 billion consensus estimate, and reaffirmed its adjusted EPS outlook. This limits the potential for a major positive earnings-revision catalyst. Keurig Dr Pepper Maintains Annual Forecasts After Quarterly Results Beat
• Negative Sentiment: Investors remain focused on execution risk. The company is continuing work to separate into two businesses and is targeting a pro forma year-end management leverage ratio of 4.1 times. The separation costs, operational complexity and elevated leverage could temper enthusiasm despite the quarterly beat. Keurig Dr Pepper Posts Higher Sales as Separation Work Continues

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.