Wells Fargo & Company Has Lowered Expectations for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its price objective decreased by stock analysts at Wells Fargo & Company from $42.00 to $40.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 28.53% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday. They set a “neutral” rating and a $35.00 target price on the stock. Barclays cut their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada increased their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. TD Cowen lifted their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.93.

Keurig Dr Pepper Price Performance

KDP stock opened at $31.12 on Tuesday. The stock has a market cap of $42.21 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 2.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a 50 day simple moving average of $32.53 and a 200 day simple moving average of $34.33. Keurig Dr Pepper has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Insider Activity at Keurig Dr Pepper

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 stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank lifted its stake in shares of Keurig Dr Pepper by 5.2% in the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after buying an additional 384 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Keurig Dr Pepper by 39.5% in the 4th quarter. Fulton Bank N.A. now owns 49,347 shares of the company’s stock worth $1,585,000 after acquiring an additional 13,971 shares during the last quarter. Kings Path Partners LLC lifted its position in Keurig Dr Pepper by 16.4% in the 4th quarter. Kings Path Partners LLC now owns 34,967 shares of the company’s stock valued at $1,123,000 after acquiring an additional 4,938 shares in the last quarter. Pensionfund Sabic boosted its stake in Keurig Dr Pepper by 53.1% during the 4th quarter. Pensionfund Sabic now owns 49,000 shares of the company’s stock valued at $1,574,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Keurig Dr Pepper by 42.1% during the 4th quarter. Nordea Investment Management AB now owns 72,577 shares of the company’s stock valued at $2,327,000 after purchasing an additional 21,501 shares during the last quarter. 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.