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

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) had its price target reduced by Barclays from $38.00 to $37.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 12.85% from the company's current price.

KDP has been the topic of a number of other research reports. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the company from $36.00 to $42.00 in a report on Friday, April 25th. Finally, UBS Group increased their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $39.92.

Keurig Dr Pepper Trading Down 0.1%

Keurig Dr Pepper stock traded down $0.02 during mid-day trading on Friday, hitting $32.79. The company's stock had a trading volume of 1,167,481 shares, compared to its average volume of 10,845,691. The firm has a market capitalization of $44.53 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48. Keurig Dr Pepper has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The stock's fifty day moving average is $33.58 and its two-hundred day moving average is $33.10.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. On average, analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total value of $395,040.00. Following the completion of the sale, the insider now directly owns 118,511 shares of the company's stock, valued at $3,901,382.12. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the sale, the vice president now directly owns 62,411 shares of the company's stock, valued at $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 698,500 shares of company stock worth $23,594,400. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of Keurig Dr Pepper

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper during the 1st quarter worth approximately $25,000. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper in the first quarter worth $27,000. New Age Alpha Advisors LLC raised its position in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at $37,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth $42,000. 93.99% of the stock is owned by hedge funds and other 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.

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