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

Keurig Dr Pepper (NASDAQ:KDP) had its price target reduced by equities researchers at UBS Group from $42.00 to $37.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 18.27% from the company’s previous close.

KDP has been the subject of a number of other research reports. Barclays cut their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada increased their target price 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. Wells Fargo & Company reduced their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Citigroup lowered their price target 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. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.71.

Keurig Dr Pepper Trading Up 1.0 %

Shares of Keurig Dr Pepper stock traded up $0.32 during trading on Thursday, reaching $31.29. 3,370,277 shares of the company were exchanged, compared to its average volume of 7,257,151. The business has a 50-day moving average price of $32.34 and a 200-day moving average price of $34.21. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The firm has a market capitalization of $42.44 billion, a price-to-earnings 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 data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. Sell-side 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 business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now owns 214,443,879 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth about $35,000. Hexagon Capital Partners LLC increased its stake in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Federated Hermes Inc. increased its holdings in Keurig Dr Pepper by 21.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Keurig Dr Pepper during the third quarter worth about $61,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

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.