Keurig Dr Pepper (NASDAQ:KDP) Sets New 1-Year Low - Should You Sell?

Key Points

• Keurig Dr Pepper's stock reached a new 52-week low, trading as low as $28.60 before closing at $28.78, amidst a trading volume of over 5 million shares.
• Analysts have revised their price targets for Keurig Dr Pepper, with JPMorgan cutting its target to $38.00, while the average price target currently stands at $38.38 based on ratings from eleven analysts with a "Buy" consensus.
• Recent insider trading activity includes Director Michael Van De Ven purchasing 15,000 shares at an average cost of $33.20, and other insiders selling a combined 459,601 shares valued at over $15 million in the past three months.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $28.60 and last traded at $28.78, with a volume of 5146341 shares trading hands. The stock had previously closed at $29.09.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Monday, August 25th. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, UBS Group dropped their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.38.

Keurig Dr Pepper Price Performance

The business has a 50-day moving average price of $32.94 and a two-hundred day moving average price of $33.49. The firm has a market capitalization of $38.92 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.57 and a beta of 0.47. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. As a group, research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares of the company's stock, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 459,601 shares of company stock valued at $15,228,872. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in Keurig Dr Pepper in the 1st quarter valued at $25,000. Chung Wu Investment Group LLC bought a new position in Keurig Dr Pepper in the 2nd quarter worth approximately $26,000. NewSquare Capital LLC lifted its holdings in Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company's stock worth $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC bought a new position in Keurig Dr Pepper in the 2nd quarter valued at $26,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Keurig Dr Pepper in the 1st quarter valued at $27,000. Institutional investors 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.