Keurig Dr Pepper (NASDAQ:KDP) PT Lowered to $35.00

Keurig Dr Pepper (NASDAQ:KDP) had its price objective cut by stock analysts at Jefferies Financial Group from $37.00 to $35.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 14.12% from the company’s previous close.

Several other research analysts also recently issued reports on KDP. Wedbush dropped their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Royal Bank of Canada dropped their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. HSBC assumed coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 target price on the stock. Morgan Stanley dropped their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Finally, Barclays dropped their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $36.27.

Keurig Dr Pepper Trading Up 0.3 %

NASDAQ:KDP opened at $30.67 on Wednesday. Keurig Dr Pepper has a one year low of $27.66 and a one year high of $35.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The company’s 50-day simple moving average is $30.48 and its 200 day simple moving average is $31.22. The firm has a market capitalization of $42.56 billion, a P/E ratio of 19.79, a PEG ratio of 2.33 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts forecast that Keurig Dr Pepper will post 1.91 EPS for the current fiscal year.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, CFO Priyadarshi Sudhanshu bought 85,910 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, with a total value of $2,499,981.00. Following the completion of the acquisition, the chief financial officer now owns 218,566 shares in the company, valued at $6,360,270.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Priyadarshi Sudhanshu acquired 85,910 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $29.10 per share, with a total value of $2,499,981.00. Following the completion of the purchase, the chief financial officer now owns 218,566 shares of the company’s stock, valued at $6,360,270.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 100,012,132 shares of company stock valued at $2,890,354,861. Insiders own 0.81% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Hedge funds and other institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth $245,000. Morgan Stanley boosted its position in shares of Keurig Dr Pepper by 15.0% during the third quarter. Morgan Stanley now owns 7,994,795 shares of the company’s stock worth $252,396,000 after acquiring an additional 1,044,167 shares during the last quarter. Amalgamated Bank boosted its position in shares of Keurig Dr Pepper by 11.4% during the third quarter. Amalgamated Bank now owns 251,335 shares of the company’s stock worth $7,935,000 after acquiring an additional 25,738 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Keurig Dr Pepper by 75.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 725,908 shares of the company’s stock worth $22,917,000 after acquiring an additional 311,726 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Keurig Dr Pepper by 0.5% during the third quarter. Legal & General Group Plc now owns 6,998,208 shares of the company’s stock worth $220,933,000 after acquiring an additional 35,071 shares during the last quarter. 85.23% 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.