Analysts are Downgrading These 5 Stocks

4. Keurig Dr Pepper Inc. (NASDAQ:KDP)

Number of Hedge Fund Holders: 29

Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) slipped over three percent on Tuesday, September 27, 2022, after Goldman Sachs downgraded the soft drink company from “Buy” to “Neutral.”

Analyst Bonnie Herzog believes the growth of Keurig Dr Pepper’s packaged beverage segment would start decelerating in the current environment. Herzog also referred to commodity inflation, which is expected to weigh on the company’s margins. She also cut her price target for Keurig Dr Pepper Inc. (NASDAQ:KDP) from $39 per share to $37 per share.

Keurig Dr Pepper Inc. (NASDAQ:KDP) shares haven’t gained any value so far in 2022. The stock is nearly flat on a year-to-date basis.