Keurig Dr Pepper (NASDAQ:KDP) Given New $37.00 Price Target at UBS Group

Keurig Dr Pepper (NASDAQ:KDP) had its price objective dropped by research analysts at UBS Group from $42.00 to $37.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 18.27% from the company’s current price.

Other equities research analysts have also issued reports about the stock. TD Cowen lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group lowered their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Barclays decreased their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Finally, Wells Fargo & Company lowered their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.71.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.32 during trading hours on Thursday, reaching $31.29. 3,370,277 shares of the company were exchanged, compared to its average volume of 7,257,151. Keurig Dr Pepper has a 1 year low of $28.61 and a 1 year high of $38.28. The business’s 50 day simple moving average is $32.34 and its 200-day simple moving average is $34.21. The stock has a market capitalization of $42.44 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.20 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in Keurig Dr Pepper by 13.4% in the 2nd quarter. Private Advisor Group LLC now owns 17,310 shares of the company’s stock valued at $578,000 after purchasing an additional 2,045 shares in the last quarter. American Century Companies Inc. grew its stake in Keurig Dr Pepper by 3.0% during the 2nd quarter. American Century Companies Inc. now owns 101,670 shares of the company’s stock worth $3,396,000 after buying an additional 2,958 shares during the last quarter. Federated Hermes Inc. lifted its position in Keurig Dr Pepper by 21.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Keurig Dr Pepper by 41.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock worth $212,901,000 after buying an additional 1,878,597 shares during the period. Finally, Wealth Alliance grew its stake in shares of Keurig Dr Pepper by 49.9% in the second quarter. Wealth Alliance now owns 10,536 shares of the company’s stock worth $352,000 after purchasing an additional 3,505 shares in the last quarter. Institutional investors and hedge funds 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.