Piper Sandler Has Lowered Expectations for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its target price cut by equities research analysts at Piper Sandler from $40.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 28.68% from the stock’s current price.

Several other research firms also recently issued reports on KDP. Barclays lifted their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. UBS Group dropped their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Citigroup dropped their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a report on Monday, August 25th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average price target of $37.77.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $27.20 on Wednesday. The company has a market cap of $36.95 billion, a P/E ratio of 24.29, a PEG ratio of 1.50 and a beta of 0.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. Keurig Dr Pepper has a one year low of $26.58 and a one year high of $38.28. The business’s 50-day simple moving average is $31.81 and its 200 day simple moving average is $33.08.

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

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 447,601 shares of company stock worth $14,825,192 over the last ninety days. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper in the first quarter worth about $25,000. Chung Wu Investment Group LLC acquired a new stake in Keurig Dr Pepper in the second quarter worth about $26,000. NewSquare Capital LLC lifted its holdings in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper in the second quarter worth about $26,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the first quarter worth about $27,000. 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.