Keurig Dr Pepper (NASDAQ:KDP) Hits New 52-Week High at $36.24

Keurig Dr Pepper Inc. (NASDAQ:KDP) shares 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 changing hands. The stock had previously closed at $35.73.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent analyst reports. Barclays cut their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Wells Fargo & Company lifted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. UBS Group boosted their target price on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Finally, BNP Paribas began coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Keurig Dr Pepper Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The company has a market capitalization of $49.10 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 2.60 and a beta of 0.62. The firm has a 50-day simple moving average of $34.00 and a two-hundred day simple moving average of $32.64.

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

Institutional Investors Weigh In On Keurig Dr Pepper

A number of large investors have recently modified their holdings of the company. Capital World Investors grew its stake in shares of Keurig Dr Pepper by 14.6% during the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after acquiring an additional 7,825,418 shares in the last quarter. Capital International Investors raised its position in shares of Keurig Dr Pepper by 1.3% during the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after acquiring an additional 730,112 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Keurig Dr Pepper by 2.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock valued at $445,648,000 after purchasing an additional 317,837 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

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.