Keurig Dr Pepper (NASDAQ:KDP) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Keurig Dr Pepper (NASDAQ:KDP) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Barclays increased their price target on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Wednesday, April 22nd. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Citigroup reduced their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Stock Performance

KDP stock opened at $28.85 on Monday. The business’s fifty day moving average is $27.33 and its 200-day moving average is $27.83. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The company has a market cap of $39.25 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. Equities research analysts forecast that Keurig Dr Pepper will post 2.29 EPS for the current year.

Institutional Trading of Keurig Dr Pepper

Hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. grew its holdings in shares of Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 759 shares in the last quarter. Clearstead Trust LLC grew its holdings in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after acquiring an additional 536 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.