Deutsche Bank Aktiengesellschaft Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $28.00

Keurig Dr Pepper (NASDAQ:KDP) had its price objective cut by Deutsche Bank Aktiengesellschaft from $34.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 5.12% from the company’s current price.

A number of other equities research analysts also recently weighed in on KDP. Barclays raised their price target on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. UBS Group restated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Finally, Piper Sandler upped their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.73.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded up $0.41 during mid-day trading on Monday, hitting $26.64. 3,460,951 shares of the company traded hands, compared to its average volume of 10,544,266. Keurig Dr Pepper has a one year low of $25.03 and a one year high of $36.12. The stock has a market cap of $36.19 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The stock has a fifty day moving average price of $28.21 and a 200-day moving average price of $27.65.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, equities analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Keurig Dr Pepper

Large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $727,667,000. Norges Bank purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $568,361,000. Capital International Investors raised its holdings in Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after buying an additional 16,050,437 shares during the last quarter. Wellington Management Group LLP raised its holdings in Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after buying an additional 15,393,753 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after buying an additional 9,494,503 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

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.