Keurig Dr Pepper (NASDAQ:KDP) Lowered to Equal Weight Rating by Barclays

Barclays downgraded shares of Keurig Dr Pepper (NASDAQ:KDP) from an overweight rating to an equal weight rating in a report issued on Wednesday morning, Marketbeat reports. Barclays currently has $26.00 target price on the stock, down from their previous target price of $39.00.

Other equities analysts have also recently issued reports about the stock. Hsbc Global Res cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Citigroup dropped their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.23.

Keurig Dr Pepper Stock Down 1.0%

KDP opened at $25.50 on Wednesday. Keurig Dr Pepper has a 52 week low of $25.40 and a 52 week high of $37.82. The business has a 50 day moving average price of $30.94 and a two-hundred day moving average price of $32.79. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a market cap of $34.64 billion, a PE ratio of 22.77, a P/E/G ratio of 1.41 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is presently 82.14%.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the sale, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 447,601 shares of company stock valued at $14,825,192. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth about $25,000. ST Germain D J Co. Inc. acquired a new position in Keurig Dr Pepper during the first quarter worth about $27,000. NewSquare Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $26,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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.