Fintel reports that on June 24, 2024, Exane BNP Paribas initiated coverage of Keurig Dr Pepper (NasdaqGS:KDP) with a Neutral recommendation.
Analyst Price Forecast Suggests 9.28% Upside
As of June 12, 2024, the average one-year price target for Keurig Dr Pepper is 37.57. The forecasts range from a low of 27.27 to a high of $43.05. The average price target represents an increase of 9.28% from its latest reported closing price of 34.38.
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The projected annual revenue for Keurig Dr Pepper is 15,548MM, an increase of 4.15%. The projected annual non-GAAP EPS is 2.02.
What is the Fund Sentiment?
There are 1,532 funds or institutions reporting positions in Keurig Dr Pepper. This is an increase of 21 owner(s) or 1.39% in the last quarter. Average portfolio weight of all funds dedicated to KDP is 0.30%, an increase of 6.58%. Total shares owned by institutions increased in the last three months by 4.50% to 1,181,080K shares. 
The put/call ratio of KDP is 0.70, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 103,793K shares representing 7.66% ownership of the company. In its prior filing, the firm reported owning 108,033K shares , representing a decrease of 4.08%. The firm decreased its portfolio allocation in KDP by 17.71% over the last quarter.
Wellington Management Group Llp holds 47,703K shares representing 3.52% ownership of the company. In its prior filing, the firm reported owning 41,851K shares , representing an increase of 12.27%. The firm decreased its portfolio allocation in KDP by 85.83% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 44,840K shares representing 3.31% ownership of the company. In its prior filing, the firm reported owning 44,052K shares , representing an increase of 1.76%. The firm decreased its portfolio allocation in KDP by 6.04% over the last quarter.
Capital International Investors holds 44,246K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 56,060K shares , representing a decrease of 26.70%. The firm decreased its portfolio allocation in KDP by 34.38% over the last quarter.
ABALX - AMERICAN BALANCED FUND holds 33,966K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 27,853K shares , representing an increase of 18.00%. The firm increased its portfolio allocation in KDP by 6.34% over the last quarter.
Keurig Dr Pepper Background Information
(This description is provided by the company.)
Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billionand nearly 26,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.
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