Keurig Dr Pepper (NASDAQ:KDP) Price Target Cut to $28.00 by Analysts at TD Cowen

Keurig Dr Pepper (NASDAQ:KDP) had its price objective decreased by TD Cowen from $36.00 to $28.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. TD Cowen currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the company. BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. UBS Group decreased their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Barclays lowered shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $26.00 in a research note on Wednesday, September 24th. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.62.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $25.60 on Wednesday. The firm has a market cap of $34.78 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.40 and a beta of 0.43. Keurig Dr Pepper has a 52-week low of $25.34 and a 52-week high of $37.27. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $30.47 and its two-hundred day moving average is $32.63.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous 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, research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 annualized dividend and a yield of 3.6%. Keurig Dr Pepper’s payout ratio is presently 82.14%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction 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 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. Insiders sold 435,601 shares of company stock worth $14,421,512 over the last quarter. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Keurig Dr Pepper

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in Keurig Dr Pepper by 10.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,532 shares of the company’s stock worth $820,000 after buying an additional 2,355 shares during the period. GAMMA Investing LLC grew its position in shares of Keurig Dr Pepper by 4,117.4% during the first quarter. GAMMA Investing LLC now owns 340,934 shares of the company’s stock worth $11,667,000 after acquiring an additional 332,850 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 8.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,795 shares of the company’s stock valued at $301,000 after acquiring an additional 701 shares during the period. NBC Securities Inc. increased its holdings in shares of Keurig Dr Pepper by 1,356,700.0% in the 1st quarter. NBC Securities Inc. now owns 13,568 shares of the company’s stock valued at $464,000 after acquiring an additional 13,567 shares during the period. Finally, Merit Financial Group LLC raised its position in Keurig Dr Pepper by 40.0% in the 1st quarter. Merit Financial Group LLC now owns 18,563 shares of the company’s stock valued at $635,000 after purchasing an additional 5,303 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

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.