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

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

Other analysts also recently issued reports about the stock. TD Cowen dropped their price objective 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 lifted their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Piper Sandler started coverage on Keurig Dr Pepper in a research note on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.71.

Keurig Dr Pepper Trading Up 1.0 %

Shares of KDP stock opened at $31.28 on Thursday. The company has a market capitalization 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. Keurig Dr Pepper has a 52-week low of $28.61 and a 52-week high of $38.28. The business’s fifty day moving average is $32.34 and its 200 day moving average is $34.21. 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 issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion during 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 revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.94%. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

Large investors have recently added to or reduced their stakes in the stock. Swedbank AB lifted its position in shares of Keurig Dr Pepper by 57.7% in the 3rd quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after purchasing an additional 268,555 shares during the period. Pathstone Holdings LLC lifted its holdings in Keurig Dr Pepper by 0.7% in the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock worth $122,038,000 after buying an additional 22,657 shares during the period. Franklin Resources Inc. boosted its position in Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after acquiring an additional 41,466 shares in the last quarter. LMR Partners LLP grew its holdings in shares of Keurig Dr Pepper by 55.5% during the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock worth $19,527,000 after acquiring an additional 186,002 shares during the period. Finally, Curi RMB Capital LLC raised its position in shares of Keurig Dr Pepper by 9.4% in the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock worth $23,539,000 after acquiring an additional 54,167 shares in the last quarter. Institutional investors 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.