Keurig Dr Pepper (NASDAQ:KDP) Price Target Lowered to $37.00 at UBS Group

Keurig Dr Pepper (NASDAQ:KDP) had its price target reduced by UBS Group from $42.00 to $37.00 in a research note released on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts have also issued reports on KDP. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. TD Cowen decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada increased their price target 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. Jefferies Financial Group decreased their price objective 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. Finally, Barclays cut their target price on 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.71.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.28 on Thursday. The firm’s 50-day simple moving average is $32.34 and its two-hundred day simple moving average is $34.21. Keurig Dr Pepper has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The stock has a market cap of $42.43 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. 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 (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. Analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company 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 annualized dividend and a yield of 2.94%. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Activity

In other 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 shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hamlin Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 14.6% in the fourth quarter. Hamlin Capital Management LLC now owns 3,801,457 shares of the company’s stock worth $122,103,000 after buying an additional 484,049 shares during the period. LaFleur & Godfrey LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $806,000. UMB Bank n.a. boosted its position in shares of Keurig Dr Pepper by 17.0% in the fourth quarter. UMB Bank n.a. now owns 4,709 shares of the company’s stock worth $151,000 after purchasing an additional 684 shares during the period. Liberty One Investment Management LLC boosted its position in shares of Keurig Dr Pepper by 1.8% in the fourth quarter. Liberty One Investment Management LLC now owns 720,890 shares of the company’s stock worth $23,155,000 after purchasing an additional 13,077 shares during the period. Finally, HB Wealth Management LLC increased its stake in shares of Keurig Dr Pepper by 23.8% in the fourth quarter. HB Wealth Management LLC now owns 32,090 shares of the company’s stock worth $1,031,000 after purchasing an additional 6,169 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other 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.