Wells Fargo & Company Issues Pessimistic Forecast for Keurig Dr Pepper (NASDAQ:KDP) Stock Price

Keurig Dr Pepper (NASDAQ:KDP) had its price objective reduced by analysts at Wells Fargo & Company from $42.00 to $40.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 28.53% from the company’s current price.

A number of other research analysts have also commented on the company. TD Cowen increased their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. decreased their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays lowered their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Citigroup cut their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.21.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $31.12 on Tuesday. The business’s fifty day moving average is $32.61 and its two-hundred day moving average is $34.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market cap of $42.21 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.57 and a beta of 0.62. Keurig Dr Pepper has a 52 week low of $28.61 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Institutional Trading of Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of KDP. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $35,000. Hexagon Capital Partners LLC lifted its position in shares of Keurig Dr Pepper by 105.6% in the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Keurig Dr Pepper in the third quarter valued at $61,000. 93.99% of the stock is currently owned by 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.