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

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

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada upped their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Jefferies Financial Group reduced 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 research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Citigroup decreased their price target 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. Finally, Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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 market cap of $42.21 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.57 and a beta of 0.62. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The business has a 50-day moving average price of $32.53 and a 200-day moving average price of $34.33. 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 (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The business 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’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 transaction of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter worth $25,000. LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth about $35,000. Hexagon Capital Partners LLC raised its stake in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $61,000. Finally, Federated Hermes Inc. boosted its stake in shares of 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 buying an additional 314 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

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.