Keurig Dr Pepper (NASDAQ:KDP) Hits New 12-Month High at $36.24

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) hit a new 52-week high on Monday . The stock traded as high as $36.24 and last traded at $36.11, with a volume of 670412 shares. The stock had previously closed at $35.73.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Barclays reduced their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Royal Bank of Canada restated an “outperform” rating and set a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday, July 26th. BNP Paribas assumed coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. Finally, Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their target price for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a market cap of $48.94 billion, a PE ratio of 23.29, a P/E/G ratio of 2.60 and a beta of 0.62. The business has a fifty day moving average of $33.93 and a 200 day moving average of $32.57.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KDP. Capital World Investors lifted its holdings in shares of Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after acquiring an additional 12,259,471 shares in the last quarter. Norges Bank acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $317,979,000. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after acquiring an additional 7,825,418 shares in the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $105,569,000. Institutional investors and hedge funds own 85.23% 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.