Barclays Issues Pessimistic Forecast for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its price objective reduced by equities researchers at Barclays from $39.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 13.85% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered 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 report on Friday, October 25th. Citigroup reduced their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, TD Cowen reduced 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 research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Stock Up 1.1 %

Keurig Dr Pepper stock opened at $31.62 on Friday. The company has a 50 day moving average of $32.28 and a 200-day moving average of $34.18. 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 has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a market capitalization of $42.89 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62.

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

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the 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 $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its holdings in Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after buying an additional 9,105,164 shares in the last quarter. State Street Corp boosted its position in shares of Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after acquiring an additional 4,970,467 shares during the period. Geode Capital Management LLC grew its stake in shares of Keurig Dr Pepper by 2.7% in the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after acquiring an additional 591,316 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Keurig Dr Pepper by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after acquiring an additional 730,297 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after purchasing an additional 317,837 shares in the last quarter. Institutional investors and hedge funds own 93.99% 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.