Keurig Dr Pepper (NASDAQ:KDP) Downgraded to Equal Weight Rating by Barclays

Barclays cut shares of Keurig Dr Pepper (NASDAQ:KDP) from an overweight rating to an equal weight rating in a research report report published on Wednesday, MarketBeat.com reports. Barclays currently has $26.00 price target on the stock, down from their previous price target of $39.00.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Hsbc Global Res lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research note on Monday, August 25th. BNP Paribas lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday. Finally, Piper Sandler reduced their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $36.77.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $26.25 on Wednesday. The firm has a market capitalization of $35.66 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.45 and a beta of 0.47. 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 business has a fifty day moving average of $31.27 and a 200 day moving average of $32.89. Keurig Dr Pepper has a 1 year low of $25.92 and a 1 year high of $37.91.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. As a group, research analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 82.14%.

Insider Transactions at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated 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 owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The shares were 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 owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 447,601 shares of company stock valued at $14,825,192 in the last quarter. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Several institutional investors and hedge funds have recently modified their holdings of KDP. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $25,000. Chung Wu Investment Group LLC purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at about $26,000. NewSquare Capital LLC increased its stake in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at about $26,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the 1st quarter worth about $27,000. Hedge funds and other 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.