Keurig Dr Pepper (NYSE:KDP) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Keurig Dr Pepper (NYSE:KDP) from a hold rating to a sell rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other brokerages also recently weighed in on KDP. SunTrust Banks set a $35.00 price objective on shares of Keurig Dr Pepper and gave the stock a buy rating in a research report on Friday, September 27th. Guggenheim reaffirmed a hold rating on shares of Keurig Dr Pepper in a research note on Friday, September 27th. Bank of America lifted their price target on Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a buy rating in a research note on Friday, August 9th. Royal Bank of Canada set a $31.00 price target on Keurig Dr Pepper and gave the stock a buy rating in a research report on Friday, August 9th. Finally, Morgan Stanley set a $24.00 price objective on Keurig Dr Pepper and gave the company a sell rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Keurig Dr Pepper presently has a consensus rating of Buy and a consensus price target of $30.49.

Shares of KDP stock opened at $30.00 on Tuesday. Keurig Dr Pepper has a twelve month low of $24.52 and a twelve month high of $32.00. The stock has a market cap of $43.53 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.66 and a beta of 0.46. The stock has a 50 day moving average of $29.03 and a 200 day moving average of $28.42. The company has a current ratio of 0.35, a quick ratio of 0.23 and a debt-to-equity ratio of 0.57.

Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Keurig Dr Pepper had a net margin of 10.13% and a return on equity of 7.27%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, research analysts predict that Keurig Dr Pepper will post 1.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.15 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 2.00%. Keurig Dr Pepper’s dividend payout ratio is currently 57.69%.

In other news, insider Mary Beth Denooyer bought 6,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $30.90 per share, for a total transaction of $185,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert S. Singer purchased 4,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $30.42 per share, for a total transaction of $136,890.00. Insiders acquired 82,500 shares of company stock worth $2,313,255 in the last 90 days. Company insiders own 0.44% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $28,301,000. Voloridge Investment Management LLC raised its position in Keurig Dr Pepper by 15.2% in the third quarter. Voloridge Investment Management LLC now owns 147,346 shares of the company’s stock worth $4,025,000 after acquiring an additional 19,454 shares in the last quarter. Penserra Capital Management LLC raised its position in Keurig Dr Pepper by 69.2% in the third quarter. Penserra Capital Management LLC now owns 2,772 shares of the company’s stock worth $75,000 after acquiring an additional 1,134 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Keurig Dr Pepper by 14.8% in the third quarter. Sunbelt Securities Inc. now owns 12,944 shares of the company’s stock valued at $354,000 after acquiring an additional 1,672 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Keurig Dr Pepper by 5.1% in the third quarter. Parametric Portfolio Associates LLC now owns 360,300 shares of the company’s stock valued at $9,843,000 after acquiring an additional 17,437 shares during the period. 20.53% of the stock is owned by hedge funds and other institutional investors.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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