Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.
KDP has been the topic of a number of other reports. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. UBS Group upped their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Barclays upped their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and a consensus price target of $31.57.
Read Our Latest Stock Report on KDP
Keurig Dr Pepper Stock Performance
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, sell-side analysts expect that Keurig Dr Pepper will post 2.29 earnings per share for the current fiscal year.
Institutional Trading of Keurig Dr Pepper
Several institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Keurig Dr Pepper during the third quarter valued at about $26,000. Salomon & Ludwin LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $26,000. Meeder Asset Management Inc. grew its position in Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 759 shares during the period. Clearstead Trust LLC grew its position in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after buying an additional 536 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 484 shares during the period. Institutional investors own 93.99% of the company’s stock.
About Keurig Dr Pepper
Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.
The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.
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