UBS Group Has Lowered Expectations for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its target price lowered by research analysts at UBS Group from $42.00 to $37.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 17.01% from the company’s current price.

A number of other research firms also recently commented on KDP. Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Citigroup reduced their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. TD Cowen reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Stock Up 1.1 %

Shares of NASDAQ KDP opened at $31.62 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper has a 1 year low of $28.61 and a 1 year high of $38.28. The stock’s 50-day simple moving average is $32.31 and its 200-day simple moving average is $34.19. The firm has a market cap of $42.89 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.20 and a beta of 0.62.

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, hitting the consensus estimate 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 return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share 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 stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its stake in shares of Keurig Dr Pepper by 13.4% during the second quarter. Private Advisor Group LLC now owns 17,310 shares of the company’s stock valued at $578,000 after purchasing an additional 2,045 shares in the last quarter. American Century Companies Inc. increased its stake in Keurig Dr Pepper by 3.0% during the 2nd quarter. American Century Companies Inc. now owns 101,670 shares of the company’s stock valued at $3,396,000 after buying an additional 2,958 shares during the period. Federated Hermes Inc. raised its position in shares of Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after buying an additional 314 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 1,878,597 shares during the period. Finally, Wealth Alliance boosted its holdings in shares of Keurig Dr Pepper by 49.9% in the second quarter. Wealth Alliance now owns 10,536 shares of the company’s stock valued at $352,000 after acquiring an additional 3,505 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.