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

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

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded 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. Barclays reduced their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Stock Up 1.1 %

Shares of NASDAQ:KDP opened at $31.62 on Thursday. The company’s fifty day moving average is $32.28 and its two-hundred day moving average is $34.18. 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 has a 1-year low of $28.61 and a 1-year high of $38.28. The stock has a market capitalization of $42.89 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value 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. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in shares of Keurig Dr Pepper in the third quarter worth about $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $35,000. Hexagon Capital Partners LLC lifted its position in shares of Keurig Dr Pepper by 105.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Federated Hermes Inc. boosted its stake in Keurig Dr Pepper by 21.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

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.