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Keurig Dr Pepper ( (KDP) ) has provided an update.
The court overseeing the Keurig Green Mountain Single-Serve Coffee Antitrust Litigation denied the direct purchaser plaintiffs’ motion for class certification, stating they did not meet federal requirements for a classwide case. The plaintiffs, who claimed over $3 billion in damages, have appealed the decision to the United States Court of Appeals for the Second Circuit. Keurig Dr Pepper plans to vigorously defend against the appeal and ongoing lawsuits in the Multidistrict Antitrust Litigation.
The most recent analyst rating on (KDP) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Keurig Dr Pepper stock, see the KDP Stock Forecast page.
Spark’s Take on KDP Stock
According to Spark, TipRanks’ AI Analyst, KDP is a Neutral.
Keurig Dr Pepper’s overall stock score reflects solid financial performance and strategic growth plans, particularly the acquisition of JDE Peet’s. The earnings call provided a balanced view with strong Q3 results and innovative strategies, although challenges in the coffee segment and inflationary pressures remain. The technical analysis suggests a cautious outlook, and the valuation indicates moderate attractiveness with a decent dividend yield.
To see Spark’s full report on KDP stock, click here.
More about Keurig Dr Pepper
Average Trading Volume: 21,264,717
Technical Sentiment Signal: Sell
Current Market Cap: $36.53B
For detailed information about KDP stock, go to TipRanks’ Stock Analysis page.