Keurig Dr Pepper (NASDAQ:KDP) Price Target Cut to $35.00 by Analysts at Jefferies Financial Group

Keurig Dr Pepper (NASDAQ:KDP) had its price target cut by Jefferies Financial Group from $37.00 to $35.00 in a research report report published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley cut their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an equal weight rating on the stock in a report on Monday, February 26th. Royal Bank of Canada dropped their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an outperform rating on the stock in a research note on Friday, February 23rd. Wedbush dropped their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an outperform rating on the stock in a research note on Monday, February 26th. HSBC assumed coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a hold rating and a $37.00 target price on the stock. Finally, Barclays lowered their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an overweight rating on the stock in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of Moderate Buy and an average target price of $36.27.

Keurig Dr Pepper Trading Down 0.5 %

NASDAQ:KDP opened at $30.59 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The firm has a 50-day moving average of $30.50 and a 200-day moving average of $31.23. The company has a market cap of $42.45 billion, a PE ratio of 19.74, a PEG ratio of 2.32 and a beta of 0.66. Keurig Dr Pepper has a one year low of $27.66 and a one year high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts expect that Keurig Dr Pepper will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.81%. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Buying and Selling

In other Keurig Dr Pepper news, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the purchase, the chief executive officer now owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold a total of 100,012,132 shares of company stock worth $2,890,354,861 in the last three months. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in Keurig Dr Pepper by 99,740.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after purchasing an additional 324,589,570 shares in the last quarter. Capital World Investors boosted its holdings in shares of Keurig Dr Pepper by 14.6% during the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after acquiring an additional 13,738,345 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock valued at $2,766,059,000 after acquiring an additional 818,426 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Keurig Dr Pepper by 2.7% during the 2nd quarter. BlackRock Inc. now owns 70,845,324 shares of the company’s stock valued at $2,215,333,000 after acquiring an additional 1,872,606 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Keurig Dr Pepper by 12.9% during the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after acquiring an additional 6,926,582 shares during the last quarter. 85.23% of the stock is currently 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.