Barclays Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $39.00

Keurig Dr Pepper (NASDAQ:KDP) had its target price lowered by Barclays from $41.00 to $39.00 in a research note published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Royal Bank of Canada increased their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, TD Cowen increased their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.36.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $32.95 on Monday. The firm’s 50 day moving average price is $36.53 and its 200-day moving average price is $34.69. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $44.70 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its 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. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. Equities research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.23 dividend. The ex-dividend date was Friday, September 27th. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Michigan Retirement System increased its stake in shares of Keurig Dr Pepper by 3.6% during the first quarter. State of Michigan Retirement System now owns 285,400 shares of the company’s stock valued at $8,753,000 after buying an additional 9,800 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Keurig Dr Pepper by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,084,471 shares of the company’s stock valued at $94,601,000 after purchasing an additional 9,674 shares during the last quarter. Norden Group LLC purchased a new position in Keurig Dr Pepper in the first quarter valued at about $1,315,000. Maryland State Retirement & Pension System grew its stake in Keurig Dr Pepper by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 74,810 shares of the company’s stock valued at $2,297,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Keurig Dr Pepper by 254.6% in the first quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after purchasing an additional 68,840 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

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.