Keurig Dr Pepper (KDP) Receives a Buy from RBC Capital

RBC Capital analyst Nik Modi maintained a Buy rating on Keurig Dr Pepper (KDPResearch Report) on January 3 and set a price target of $42.00. The company’s shares closed yesterday at $35.84.

According to TipRanks, Modi is a 5-star analyst with an average return of 9.1% and a 65.01% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Coty, Constellation Brands, and Keurig Dr Pepper.

Currently, the analyst consensus on Keurig Dr Pepper is a Moderate Buy with an average price target of $40.67, a 13.48% upside from current levels. In a report released on January 3, Wells Fargo also maintained a Buy rating on the stock with a $40.00 price target.

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The company has a one-year high of $41.08 and a one-year low of $32.99. Currently, Keurig Dr Pepper has an average volume of 7.21M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KDP in relation to earlier this year.

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Massachusetts-based Keurig Dr Pepper, Inc. operates as a non-alcoholic beverage company in the US and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages.

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