Keurig Dr Pepper (NASDAQ:KDP) Sets New 52-Week Low - Here's What Happened

Key Points

• Keurig Dr Pepper (NASDAQ:KDP) reached a new 52-week low, trading at $27.96, which is down from its previous close of $28.65, with a trading volume of 888,682 shares.
• Research analysts have issued mixed ratings; Jefferies set a price target of $41.00, while HSBC and Deutsche Bank adjusted their targets downward to $30.00 and $38.00, respectively.
• The company reported a quarterly revenue of $4.16 billion and earnings per share (EPS) of $0.49, meeting analysts' estimates, with a year-over-year revenue increase of 6.1%.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.03 and last traded at $27.96, with a volume of 888682 shares trading hands. The stock had previously closed at $28.65.

Analyst Ratings Changes

KDP has been the subject of several research reports. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of 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. HSBC reaffirmed a "hold" rating and set a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. UBS Group decreased their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. decreased their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $38.38.

Keurig Dr Pepper Stock Down 4.7%

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The firm has a market cap of $37.08 billion, a P/E ratio of 24.43, a PEG ratio of 1.57 and a beta of 0.47. The firm's 50-day moving average price is $32.94 and its 200 day moving average price is $33.49.

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 (EPS) 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 for the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $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 quarter, insiders have sold 459,601 shares of company stock worth $15,228,872. 1.00% of the stock is owned by company insiders.

Institutional Trading of Keurig Dr Pepper

A number of large investors have recently added to or reduced their stakes in KDP. Cary Street Partners Financial LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $77,000. Captrust Financial Advisors boosted its stake in Keurig Dr Pepper by 26.4% in the 4th quarter. Captrust Financial Advisors now owns 69,463 shares of the company's stock worth $2,231,000 after purchasing an additional 14,522 shares during the period. EP Wealth Advisors LLC acquired a new position in Keurig Dr Pepper in the 4th quarter worth approximately $248,000. Deutsche Bank AG boosted its stake in Keurig Dr Pepper by 22.7% in the 4th quarter. Deutsche Bank AG now owns 4,427,315 shares of the company's stock worth $142,205,000 after purchasing an additional 818,100 shares during the period. Finally, Focus Partners Wealth boosted its stake in Keurig Dr Pepper by 225.7% in the 4th quarter. Focus Partners Wealth now owns 61,215 shares of the company's stock worth $1,967,000 after purchasing an additional 42,420 shares during the period. 93.99% 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.

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