Barclays Has Lowered Expectations for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its target price reduced by Barclays from $39.00 to $36.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 13.85% from the company’s current price.

KDP has been the subject of a number of other research reports. Wells Fargo & Company lowered their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 25th. TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Keurig Dr Pepper Trading Up 1.1 %

KDP opened at $31.62 on Friday. The stock has a market capitalization of $42.89 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.20 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $34.18.

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

Insider Activity

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

Institutional Investors Weigh In On Keurig Dr Pepper

A number of hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC boosted its stake in Keurig Dr Pepper by 105.6% during the third 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. grew its holdings in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Keurig Dr Pepper in the third quarter valued at $61,000. 93.99% of the stock is currently owned by institutional investors.

About Keurig Dr Pepper

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.