Barclays Lowers Keurig Dr Pepper (NASDAQ:KDP) Price Target to $39.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target cut by research analysts at Barclays from $41.00 to $39.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 18.61% from the stock’s current price.

Several other research analysts also recently weighed in on KDP. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Citigroup reduced their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper Trading Down 2.9 %

Shares of KDP stock opened at $32.88 on Monday. The firm’s 50 day moving average is $36.63 and its 200 day moving average is $34.71. The stock has a market capitalization of $44.57 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.73 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its 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 return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in Keurig Dr Pepper by 44.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 579,064 shares of the company’s stock worth $21,703,000 after acquiring an additional 179,402 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Keurig Dr Pepper by 11.8% in the third quarter. Janney Montgomery Scott LLC now owns 81,567 shares of the company’s stock worth $3,057,000 after purchasing an additional 8,624 shares during the last quarter. HM Payson & Co. raised its stake in Keurig Dr Pepper by 59.7% during the third quarter. HM Payson & Co. now owns 20,349 shares of the company’s stock valued at $763,000 after purchasing an additional 7,607 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in Keurig Dr Pepper by 17.0% during the third quarter. First Trust Direct Indexing L.P. now owns 43,006 shares of the company’s stock valued at $1,612,000 after purchasing an additional 6,253 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its stake in shares of Keurig Dr Pepper by 111.1% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 17,201 shares of the company’s stock worth $648,000 after buying an additional 9,051 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

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.