Keurig Dr Pepper (NASDAQ:KDP) Price Target Lowered to $41.00 at Jefferies Financial Group

Keurig Dr Pepper (NASDAQ:KDP) had its price target lowered by stock analysts at Jefferies Financial Group from $42.00 to $41.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 17.41% from the stock’s current price.

A number of other brokerages also recently weighed in on KDP. TD Cowen lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday. Royal Bank of Canada upped their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.71.

Keurig Dr Pepper Trading Down 0.1 %

KDP stock traded down $0.02 during mid-day trading on Friday, reaching $34.92. 3,274,250 shares of the stock traded hands, compared to its average volume of 8,666,201. Keurig Dr Pepper has a 52-week low of $28.61 and a 52-week high of $38.28. The stock’s fifty day moving average is $36.74 and its 200-day moving average is $34.59. The company has a market cap of $47.34 billion, a P/E ratio of 22.53, 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 (NASDAQ:KDP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Keurig Dr Pepper by 107.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Keurig Dr Pepper by 5.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after buying an additional 730,297 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after buying an additional 317,837 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Keurig Dr Pepper by 6.5% during the second quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock worth $333,057,000 after buying an additional 609,857 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

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.