Barclays Cuts Keurig Dr Pepper (NASDAQ:KDP) Price Target to $39.00

Keurig Dr Pepper (NASDAQ:KDP) had its price objective decreased by Barclays from $41.00 to $39.00 in a report issued on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. TD Cowen raised their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Wells Fargo & Company decreased their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada boosted their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper Stock Up 0.3 %

KDP opened at $32.99 on Monday. The company has a market cap of $44.75 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper has a 12 month low of $28.61 and a 12 month high of $38.28. The business’s 50-day moving average price is $36.58 and its 200-day moving average price is $34.70. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, equities analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds have recently modified their holdings of the company. State of Michigan Retirement System grew its stake in shares of Keurig Dr Pepper by 3.6% in the first quarter. State of Michigan Retirement System now owns 285,400 shares of the company’s stock valued at $8,753,000 after buying an additional 9,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Keurig Dr Pepper by 0.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,084,471 shares of the company’s stock valued at $94,601,000 after buying an additional 9,674 shares in the last quarter. Norden Group LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at $1,315,000. Maryland State Retirement & Pension System raised its stake in Keurig Dr Pepper by 2.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 74,810 shares of the company’s stock worth $2,297,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Keurig Dr Pepper by 254.6% in the first quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after acquiring an additional 68,840 shares during the last quarter. Hedge funds and other institutional investors own 85.23% 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.