Keurig Dr Pepper (NASDAQ:KDP) Sets New 12-Month Low - Time to Sell?

Key Points

• Keurig Dr Pepper's shares hit a new 52-week low of $26.97, with a recent trading price of $27.10 and a trading volume of 3,238,545 shares.
• Analyst ratings for Keurig Dr Pepper reflect mixed sentiment, with Barclays raising its price target to $39 while HSBC downgraded it from a "strong-buy" to a "hold" rating.
• Insider transactions showed significant sales, with notable sales conducted by insider Mary Beth Denooyer and Director Robert James Gamgort, decreasing their positions in the company.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $26.97 and last traded at $27.10, with a volume of 3238545 shares changing hands. The stock had previously closed at $27.23.

Wall Street Analyst Weigh In

KDP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Piper Sandler reduced their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday. Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a research note on Monday, August 25th. UBS Group reduced their price objective 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. Finally, Citigroup reduced their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus target price of $37.77.

Keurig Dr Pepper Stock Down 0.3%

The stock has a market capitalization of $36.83 billion, a PE ratio of 24.21, a P/E/G ratio of 1.49 and a beta of 0.47. The firm has a 50 day moving average of $31.68 and a two-hundred day moving average of $33.04. 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 released 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. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the business posted $0.45 EPS. Keurig Dr Pepper's quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the sale, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 447,601 shares of company stock valued at $14,825,192. Insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 21.3% in the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after purchasing an additional 25,425,644 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Keurig Dr Pepper by 108.1% in the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after acquiring an additional 20,196,835 shares during the last quarter. Norges Bank acquired a new stake in Keurig Dr Pepper during the second quarter worth about $568,525,000. Invesco Ltd. raised its holdings in shares of Keurig Dr Pepper by 43.2% in the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company's stock worth $1,040,320,000 after purchasing an additional 9,494,503 shares during the period. Finally, State Street Corp raised its holdings in shares of Keurig Dr Pepper by 11.2% in the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company's stock worth $2,117,279,000 after purchasing an additional 6,412,494 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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.