JPMorgan Chase & Co. Cuts Keurig Dr Pepper (NASDAQ:KDP) Price Target to $36.00

Keurig Dr Pepper (NASDAQ:KDP) had its price target trimmed by JPMorgan Chase & Co. from $39.00 to $36.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. BNP Paribas lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Wells Fargo & Company cut their price objective on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. HSBC reissued a “hold” rating and set a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Finally, UBS Group decreased their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $34.87.

Keurig Dr Pepper Trading Down 1.0%

Shares of KDP opened at $27.39 on Monday. Keurig Dr Pepper has a 1-year low of $25.03 and a 1-year high of $36.95. 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 50 day simple moving average of $28.31 and a 200-day simple moving average of $31.85. The stock has a market cap of $37.21 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 1.53 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates 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 earned $0.45 EPS. Keurig Dr Pepper’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 82.14%.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 423,601 shares of company stock worth $14,017,592 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter worth $25,000. NewSquare Capital LLC increased its stake in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 386 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter worth about $26,000. AlphaCore Capital LLC acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at about $26,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Keurig Dr Pepper by 102,300.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

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.