Keurig Dr Pepper Inc (KDP) Receives a Hold from Jefferies
Jefferies analyst Kevin Grundy maintained a Hold rating on Keurig Dr Pepper Inc (NYSE: KDP) today and set a price target of $22. The company’s shares opened today at $22.87, close to its 52-week low of $13.40.
“We maintain our FY18-20 EPS est./$22 PT following an upbeat sell-side lunch w/KDP’s mgmt.”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.5% and a 61.1% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Coca-Cola European Partners, and Constellation Brands Inc.
Keurig Dr Pepper Inc has an analyst consensus of Moderate Buy, with a price target consensus of $25, representing a 9.3% upside. In a report released today, Macquarie also maintained a Hold rating on the stock with a $24 price target.
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Based on Keurig Dr Pepper Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.89 billion and net profit of $235 million. In comparison, last year the company earned revenue of $1.74 billion and had a net profit of $203 million.
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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Keurig Dr Pepper, Inc. manufactures and markets non-alcoholic beverages. The company is headquartered in the Burlington, Massachusetts.