Keurig Dr Pepper (NASDAQ:KDP) Price Target Cut to $35.00 by Analysts at UBS Group

Keurig Dr Pepper (NASDAQ:KDP) had its price target reduced by UBS Group from $40.00 to $35.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

KDP has been the topic of several other research reports. Hsbc Global Res cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday. HSBC restated a “hold” rating and issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a report 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 report on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.38.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $29.72 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a market capitalization of $40.37 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.96 and a beta of 0.45. The company’s 50 day simple moving average is $33.52 and its 200 day simple moving average is $33.61. Keurig Dr Pepper has a 1 year low of $28.70 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business’s 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 $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director De Ven Michael G. Van acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average cost of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 679,601 shares of company stock valued at $22,508,712. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its holdings in shares of Keurig Dr Pepper by 7.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 134,979 shares of the company’s stock valued at $4,462,000 after acquiring an additional 9,248 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Keurig Dr Pepper by 1,329.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,193,247 shares of the company’s stock valued at $39,449,000 after acquiring an additional 1,109,780 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Keurig Dr Pepper by 12.8% during the 2nd quarter. Advisory Services Network LLC now owns 76,229 shares of the company’s stock valued at $2,489,000 after acquiring an additional 8,638 shares in the last quarter. State of Wyoming lifted its holdings in shares of Keurig Dr Pepper by 29.0% during the 2nd quarter. State of Wyoming now owns 14,608 shares of the company’s stock valued at $483,000 after acquiring an additional 3,283 shares in the last quarter. Finally, Asset Dedication LLC lifted its holdings in shares of Keurig Dr Pepper by 3.8% during the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after acquiring an additional 288 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 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.