Barclays Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $36.00

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) had its price objective reduced by stock analysts at Barclays from $39.00 to $36.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 13.91% from the stock’s previous close.

Several other brokerages have also commented on KDP. Wells Fargo & Company lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Citigroup reduced their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

View Our Latest Report on Keurig Dr Pepper

Keurig Dr Pepper Stock Up 1.0 %

Shares of KDP traded up $0.33 on Friday, reaching $31.61. The company’s stock had a trading volume of 2,091,347 shares, compared to its average volume of 7,163,144. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a market capitalization of $42.87 billion, a PE ratio of 19.15, a PEG ratio of 2.20 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $32.31 and a 200-day moving average of $34.19.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last posted 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. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after acquiring an additional 9,105,164 shares during the period. State Street Corp boosted its position in shares of Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. National Bank of Canada FI increased its stake in shares of Keurig Dr Pepper by 394.3% in the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after purchasing an additional 1,956,138 shares in the last quarter. Armistice Capital LLC raised its position in shares of Keurig Dr Pepper by 186.3% during the 2nd quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock valued at $49,635,000 after purchasing an additional 966,924 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Keurig Dr Pepper by 5,018.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 839,057 shares of the company’s stock valued at $28,025,000 after buying an additional 822,664 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Keurig Dr Pepper (NASDAQ:KDP)

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