Keurig Dr Pepper (NASDAQ:KDP) Reaches New 12-Month Low After Analyst Downgrade

Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) reached a new 52-week low during mid-day trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $40.00 to $38.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Keurig Dr Pepper traded as low as $29.86 and last traded at $29.76, with a volume of 18500075 shares changing hands. The stock had previously closed at $31.10.

KDP has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research note on Monday. UBS Group lowered their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. HSBC restated a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday. Finally, Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.77.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares of the company’s stock, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 679,601 shares of company stock valued at $22,508,712. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

A number of institutional investors have recently added to or reduced their stakes in KDP. MML Investors Services LLC grew its position in Keurig Dr Pepper by 10.8% during the fourth quarter. MML Investors Services LLC now owns 50,367 shares of the company’s stock valued at $1,618,000 after acquiring an additional 4,928 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Keurig Dr Pepper by 6.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 13,087 shares of the company’s stock worth $420,000 after buying an additional 801 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Keurig Dr Pepper by 14.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 10,288 shares of the company’s stock worth $330,000 after buying an additional 1,316 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Keurig Dr Pepper by 0.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 143,485 shares of the company’s stock worth $4,609,000 after buying an additional 1,268 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in shares of Keurig Dr Pepper by 10.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 17,362 shares of the company’s stock worth $558,000 after buying an additional 1,597 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

The company has a 50-day moving average price of $33.59 and a two-hundred day moving average price of $33.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The company has a market cap of $39.33 billion, a PE ratio of 25.85, a P/E/G ratio of 2.22 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

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.