Analysts Set Keurig Dr Pepper Inc. (NASDAQ:KDP) PT at $34.50

Keurig Dr Pepper Inc. (NASDAQ:KDP) has earned an average rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $34.50.

A number of brokerages recently commented on KDP. Wells Fargo & Company began coverage on Keurig Dr Pepper in a research note on Tuesday, December 8th. They issued an “equal weight” rating and a $33.00 price target for the company. Sanford C. Bernstein began coverage on Keurig Dr Pepper in a report on Tuesday, January 19th. They issued an “outperform” rating and a $40.00 price objective for the company.

In related news, Director Robert S. Singer purchased 2,500 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, December 8th. The stock was purchased at an average cost of $30.30 per share, for a total transaction of $75,750.00. Following the completion of the acquisition, the director now directly owns 74,000 shares of the company’s stock, valued at $2,242,200. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert S. Singer purchased 7,500 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, November 25th. The shares were bought at an average price of $30.21 per share, with a total value of $226,575.00. Following the completion of the acquisition, the director now directly owns 68,000 shares of the company’s stock, valued at $2,054,280. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 10,384 shares of company stock valued at $314,429. 0.41% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Segantii Capital Management Ltd bought a new stake in Keurig Dr Pepper in the 4th quarter worth about $20,800,000. State Street Corp increased its holdings in Keurig Dr Pepper by 7.6% in the 3rd quarter. State Street Corp now owns 7,200,191 shares of the company’s stock worth $198,725,000 after buying an additional 511,509 shares in the last quarter. Eudaimonia Partners LLC bought a new stake in Keurig Dr Pepper in the 3rd quarter worth about $1,639,000. Unison Advisors LLC increased its holdings in Keurig Dr Pepper by 0.5% in the 4th quarter. Unison Advisors LLC now owns 69,459 shares of the company’s stock worth $2,222,000 after buying an additional 367 shares in the last quarter. Finally, Blackstone Group Inc bought a new stake in Keurig Dr Pepper in the 3rd quarter worth about $11,040,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Shares of KDP stock opened at $31.68 on Friday. The stock has a fifty day moving average of $31.85 and a 200 day moving average of $30.41. Keurig Dr Pepper has a 52 week low of $18.98 and a 52 week high of $33.69. The firm has a market capitalization of $44.58 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.83 and a beta of 0.63. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment provides single-serve brewing systems and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.

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Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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