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RBC Capital Keeps Their Buy Rating on Keurig Dr Pepper (KDP)

RBC Capital Keeps Their Buy Rating on Keurig Dr Pepper (KDP)

In a report released on July 8, Nik Modi from RBC Capital maintained a Buy rating on Keurig Dr Pepper, with a price target of $42.00. The company's shares closed yesterday at $33.65.
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Modi covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Procter & Gamble, and Clorox. According to TipRanks, Modi has an average return of 1.2% and a 51.98% success rate on recommended stocks.
In addition to RBC Capital, Keurig Dr Pepper also received a Buy from Wells Fargo's Christopher Carey in a report issued yesterday. However, on July 2, Evercore ISI maintained a Hold rating on Keurig Dr Pepper (NASDAQ: KDP).
Based on Keurig Dr Pepper's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.64 billion and a net profit of $517 million. In comparison, last year the company earned a revenue of $3.47 billion and had a net profit of $454 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock. Last month, Michael Van-Ven, a Director at KDP bought 15,000.00 shares for a total of $498,000.00.
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