In a report released today, Robert Moskow from TD Cowen maintained a Hold rating on Keurig Dr Pepper (KDP – Research Report), with a price target of $36.00.
Robert Moskow has given his Hold rating due to a combination of factors impacting Keurig Dr Pepper’s performance. The company reported a slight outperformance in the fourth quarter, with sales and earnings per share exceeding expectations. However, challenges remain, particularly in the U.S. Coffee segment, which continues to face negative sales growth and margin pressures due to inflation and other factors.
Management has expressed confidence in navigating the macroeconomic environment and achieving their targets for 2025, but the demanding operating conditions and uneven consumer sentiment present ongoing risks. The company’s ability to meet its 2024 goals is commendable, yet the overall outlook remains cautious, justifying the Hold rating as the company works through these challenges.
According to TipRanks, Moskow is a 4-star analyst with an average return of 2.7% and a 47.90% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, JM Smucker, and Campbell Soup.
In another report released today, Morgan Stanley also maintained a Hold rating on the stock with a $38.00 price target.