Wall Street Analysts Are Neutral on Top Consumer Goods Picks

Analysts fell to the sidelines weighing in on Keurig Dr Pepper (KDP – Research Report) and Vita Coco Company (COCO – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Keurig Dr Pepper (KDP)

In a report released today, Bill Chappell from Truist Financial maintained a Hold rating on Keurig Dr Pepper. The company’s shares closed last Tuesday at $34.94.

According to TipRanks.com, Chappell is a 3-star analyst with an average return of 2.4% and a 51.5% success rate. Chappell covers the Consumer Goods sector, focusing on stocks such as Edgewell Personal Care, Constellation Brands, and Central Garden Pet.

Currently, the analyst consensus on Keurig Dr Pepper is a Moderate Buy with an average price target of $37.93, an 8.6% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock with a $34.00 price target.

See the top stocks recommended by analysts >>

Vita Coco Company (COCO)

William Blair analyst Jon Andersen maintained a Hold rating on Vita Coco Company today. The company’s shares closed last Tuesday at $38.16, close to its 52-week high of $40.32.

According to TipRanks.com, Andersen is ranked #2262 out of 9421 analysts.

Vita Coco Company has an analyst consensus of Moderate Buy, with a price target consensus of $38.00.

Read More on KDP:

• Coca-Cola, PepsiCo, or Keurig Dr. Pepper: Which Beverage Stock Adds Fizz to Investor Portfolios?
• Keurig Dr Pepper price target raised to $38 from $36 at Morgan Stanley
• Cautious Outlook for Keurig Dr Pepper Amid U.S. Coffee Segment Challenges and Inflation Pressures
• Cautious Outlook for Keurig Dr Pepper Amidst Growth and Cost Concerns
• Optimistic Buy Rating for Keurig Dr Pepper Amidst Promising Growth Prospects and Strong Fundamentals