Piper Sandler Affirms 'Overweight' Rating on Keurig Dr Pepper (KDP)

Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the 12 best consumer goods stocks billionaires are quietly buying. On June 30, Piper Sandler reiterated an ‘Overweight’ rating and $40 price target. The research firm maintains a bullish stance on improved conditions in the company’s US coffee segment.

Additionally, Piper Sandler is impressed by the continued momentum in the US refreshment beverage division. Consequently, the research firm expects Keurig Dr Pepper to deliver solid results in the second quarter. It anticipates growth contribution from Ghost in Q2 as it completes full distribution through the KDP network.

Piper Sandler also expects the company to deliver earnings per share of $2.06 in 2025 and $2.17 in 2026, driven by strong demand for coffee pods. In addition, Keurig Dr Pepper plans to launch a new product dubbed Bloom Pop in the modern soda segment as part of its expansion strategy.

Keurig Dr Pepper Inc. (NASDAQ:KDP) is a leading beverage company in North America, with a diverse portfolio of over 125 owned, licensed, and partner brands. It produces and sells a wide variety of beverages, including coffee, tea, juice, water, and carbonated soft drinks.

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Disclosure: None. This article is originally published at Insider Monkey.