Keurig Dr Pepper (NASDAQ:KDP) Upgraded to “Strong-Buy” at Sanford C. Bernstein

Keurig Dr Pepper (NASDAQ:KDP) was upgraded by research analysts at Sanford C. Bernstein to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on KDP. Deutsche Bank Aktiengesellschaft lowered their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Barclays boosted their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Citigroup reduced their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.00.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $31.71 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The business’s 50 day moving average price is $28.52 and its 200-day moving average price is $28.25. The firm has a market capitalization of $43.14 billion, a PE ratio of 23.49, a P/E/G ratio of 1.43 and a beta of 0.41. Keurig Dr Pepper has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, equities research analysts expect that Keurig Dr Pepper will post 2.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently modified their holdings of the company. Auxier Asset Management raised its holdings in shares of Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after buying an additional 318 shares during the period. Rossby Financial LCC raised its holdings in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the period. Wealth Watch Advisors INC raised its holdings in shares of Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after buying an additional 373 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after buying an additional 405 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 19.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after buying an additional 420 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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.