Keurig Dr Pepper (NYSE:KDP) Downgraded by ValuEngine to “Sell”

Keurig Dr Pepper (NYSE:KDP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday, ValuEngine reports.

KDP has been the topic of a number of other reports. Guggenheim reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a report on Friday, September 27th. Royal Bank of Canada set a $31.00 target price on shares of Keurig Dr Pepper and gave the company a “buy” rating in a report on Friday, August 9th. SunTrust Banks set a $35.00 target price on shares of Keurig Dr Pepper and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley set a $24.00 target price on shares of Keurig Dr Pepper and gave the company a “sell” rating in a report on Friday, August 9th. Finally, Bank of America boosted their price objective on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Keurig Dr Pepper currently has an average rating of “Buy” and a consensus target price of $30.49.

Shares of Keurig Dr Pepper stock opened at $30.52 on Tuesday. The firm’s fifty day simple moving average is $28.98 and its 200-day simple moving average is $28.42. The stock has a market capitalization of $42.96 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.66 and a beta of 0.46. Keurig Dr Pepper has a 12 month low of $24.52 and a 12 month high of $32.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.35 and a quick ratio of 0.23.

Keurig Dr Pepper (NYSE:KDP) last announced its earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, beating 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 company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Analysts anticipate that Keurig Dr Pepper will post 1.22 earnings per share for the current year.

In other news, Director Robert S. Singer acquired 3,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $29.39 per share, with a total value of $102,865.00. Following the purchase, the director now owns 53,001 shares of the company’s stock, valued at approximately $1,557,699.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer acquired 6,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of $26.97 per share, for a total transaction of $161,820.00. Insiders acquired a total of 82,500 shares of company stock worth $2,313,255 over the last three months. 0.44% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in KDP. MRA Associates USA LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at $25,000. Fulcrum Equity Management acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at $30,000. Pearl River Capital LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at $31,000. Steward Partners Investment Advisory LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at $42,000. Finally, Quadrant Capital Group LLC increased its stake in Keurig Dr Pepper by 221.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,809 shares of the company’s stock valued at $46,000 after buying an additional 1,246 shares during the period. 20.53% of the stock is currently owned by 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.

Featured Article: Outstanding Shares and The Effect on Share Price

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.