Keurig Dr Pepper (NASDAQ:KDP) Downgraded by Zacks Research to “Hold”

Keurig Dr Pepper (NASDAQ:KDP) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Barclays lifted their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. UBS Group lifted their price objective on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and a consensus price target of $31.57.

Keurig Dr Pepper Trading Down 2.0%

Shares of KDP opened at $28.85 on Monday. The business has a 50-day moving average of $27.33 and a 200 day moving average of $27.83. Keurig Dr Pepper has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The firm has a market cap of $39.25 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same quarter last year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that Keurig Dr Pepper will post 2.29 EPS for the current year.

Institutional Trading of Keurig Dr Pepper

Hedge funds have recently bought and sold shares of the company. Auxier Asset Management increased its stake in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the period. Rossby Financial LCC increased its stake in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the period. Wealth Watch Advisors INC increased its stake in Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after purchasing an additional 373 shares during the period. Park Avenue Securities LLC increased its stake in Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after purchasing an additional 405 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after acquiring an additional 420 shares in the last quarter. 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.