Keurig Dr Pepper (NASDAQ:KDP) Raised to Buy at Deutsche Bank Aktiengesellschaft

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a $39.00 target price on the stock, up from their previous target price of $37.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 16.24% from the stock’s previous close.

Several other analysts have also commented on the stock. Royal Bank of Canada increased their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company cut their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Citigroup decreased their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barclays reduced their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Finally, TD Cowen lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $33.55 on Thursday. Keurig Dr Pepper has a 1 year low of $28.61 and a 1 year high of $38.28. 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 stock has a fifty day moving average price of $33.88 and a two-hundred day moving average price of $34.60. The firm has a market cap of $45.51 billion, a P/E ratio of 20.33, a PEG ratio of 2.57 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company earned $0.48 earnings per share. Keurig Dr Pepper’s revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Keurig Dr Pepper by 9.8% in the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after buying an additional 9,105,164 shares during the last quarter. State Street Corp raised its stake in shares of Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after acquiring an additional 4,970,467 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Keurig Dr Pepper by 394.3% in the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after acquiring an additional 1,956,138 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Keurig Dr Pepper by 41.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock worth $212,901,000 after purchasing an additional 1,878,597 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Keurig Dr Pepper during the second quarter worth approximately $37,643,000. Institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

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.