Keurig Dr Pepper (NASDAQ:KDP) Given “Buy” Rating at Argus

Keurig Dr Pepper (NASDAQ:KDP)‘s stock had its “buy” rating reiterated by investment analysts at Argus in a research report issued on Tuesday, September 15th, Benzinga reports. They currently have a $36.00 price objective on the stock. Argus‘s target price would suggest a potential upside of 3.52% from the company’s current price.

Several other equities research analysts have also commented on KDP. Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Barclays lifted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Finally, Morgan Stanley began coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They set an “overweight” rating and a $38.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.12.

Keurig Dr Pepper Stock Down 1.2%

Shares of KDP stock traded down $0.41 during trading on Tuesday, reaching $34.77. The company’s stock had a trading volume of 6,052,311 shares, compared to its average volume of 11,889,258. Keurig Dr Pepper has a 1-year low of $24.88 and a 1-year high of $35.40. The stock’s 50-day moving average price is $31.99 and its 200 day moving average price is $30.60. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The company has a market capitalization of $47.32 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 1.64 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 75.6% compared to the same quarter last year. On average, research analysts anticipate that Keurig Dr Pepper will post 2.30 EPS for the current year.

Insider Activity

In other news, VP Angela Stephens sold 9,500 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president owned 55,786 shares in the company, valued at $1,824,202.20. This represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Aaron Alt purchased 7,862 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Large investors have recently bought and sold shares of the company. Community Bank N.A. acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth $29,000. Meeder Asset Management Inc. increased its stake in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares during the period. Reflection Asset Management acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $35,000. Fortitude Family Office LLC raised its holdings in Keurig Dr Pepper by 216.2% during the third quarter. Fortitude Family Office LLC now owns 1,565 shares of the company’s stock worth $47,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in Keurig Dr Pepper during the third quarter worth about $54,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.