Jefferies analyst Kevin Grundy downgraded Keurig Dr Pepper Inc (KDP) to Hold today and set a price target of $29. The company’s shares opened today at $27.92, close to its 52-week high of $28.81.
Grundy said:
“We raise our PT to $29 largely on re-rating in staples and increase our FY19-20 EPS modestly post KDP’s generally solid 3Q18 results.”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 7.8% and a 63.9% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Coca-Cola European Partners, and Constellation Brands Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Keurig Dr Pepper Inc with a $27.60 average price target, implying a -1.1% downside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock.
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The company has a one-year high of $28.81 and a one-year low of $13.72. Currently, Keurig Dr Pepper Inc has an average volume of 2.75M.
Based on the recent corporate insider activity of 128 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KDP in relation to earlier this year.
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Cadbury UK Ltd. produces and sells confectionery products. It offers products in various categories, such as Easter, bars, and drinks; and bags, boxes, and tins. The company’s products include Button Chicks, Eggheads, Caramel, Chocolate Bunny, Toffee Popcorn, Dairy Milk Chocos, Flake, Twirl Bites, Buttons, and Caramel.
