Keurig Dr Pepper (NASDAQ:KDP) Price Target Cut to $36.00 by Analysts at TD Cowen

Keurig Dr Pepper (NASDAQ:KDP) had its target price lowered by TD Cowen from $39.00 to $36.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other analysts have also issued reports on KDP. Citigroup dropped their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada increased their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Barclays lowered their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.93.

Keurig Dr Pepper Trading Up 1.4 %

Shares of Keurig Dr Pepper stock opened at $31.12 on Wednesday. The firm has a 50-day simple moving average of $32.53 and a two-hundred day simple moving average of $34.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a market cap of $42.21 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. Keurig Dr Pepper’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.23 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.96%. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Several institutional investors have recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper during the third quarter worth $25,000. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC lifted its stake in Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after acquiring an additional 314 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.