Keurig Dr Pepper (NASDAQ:KDP) Stock Rating Upgraded by HSBC

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Thursday, Marketbeat reports. The brokerage currently has a $40.00 price target on the stock. HSBC’s target price indicates a potential upside of 35.32% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Citigroup raised their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Barclays increased their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Finally, UBS Group raised their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.75.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $29.56 on Thursday. The business’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $29.18. The firm has a market capitalization of $40.22 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. Keurig Dr Pepper has a 12 month low of $24.88 and a 12 month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.Keurig Dr Pepper’s quarterly revenue was up 75.6% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. As a group, equities analysts forecast that Keurig Dr Pepper will post 2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth $26,000. Meeder Asset Management Inc. grew its stake in 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 buying an additional 759 shares during the period. Activest Wealth Management raised its stake in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares during the period. Washington Trust Advisors Inc. acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at $31,000. Finally, Rossby Financial LCC raised its stake in shares of Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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.