TD Cowen Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $36.00

by · The Cerbat Gem

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) had its target price cut by analysts at TD Cowen from $39.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 17.00% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday. Six equities research 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 has an average rating of “Moderate Buy” and an average price target of $37.93.

Get Our Latest Stock Report on KDP

Keurig Dr Pepper Stock Up 0.3 %

Keurig Dr Pepper stock traded up $0.09 during midday trading on Wednesday, hitting $30.77. 3,228,667 shares of the stock were exchanged, compared to its average volume of 5,815,637. Keurig Dr Pepper has a 52-week low of $28.61 and a 52-week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $32.57 and its 200-day moving average price is $34.35. The stock has a market capitalization of $41.74 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) 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. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 EPS. On average, research analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KDP. FMR LLC raised its stake in shares of Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after acquiring an additional 9,105,164 shares during the last quarter. State Street Corp raised its position in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after purchasing an additional 4,970,467 shares during the last quarter. National Bank of Canada FI lifted its holdings in Keurig Dr Pepper by 394.3% in the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after buying an additional 1,956,138 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Keurig Dr Pepper by 41.8% in the 2nd 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, Armistice Capital LLC grew its position in shares of Keurig Dr Pepper by 186.3% in the 2nd quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock worth $49,635,000 after buying an additional 966,924 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Company Profile

(Get Free Report)

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.

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