Keurig Dr Pepper Inc (NASDAQ:KDP) shares traded 0.71% higher at $32.64 on Wall Street last session.
In accordance with the data, 20 analysts cover Keurig Dr Pepper Inc (NASDAQ:KDP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $27.00, we find $37.00. Given the previous closing price of $32.41, this indicates a potential upside of 14.16 percent. KDP stock price is now 5.66% away from the 50-day moving average and -0.51% away from the 200-day moving average. The market capitalization of the company currently stands at $45.64B.
It has been rated a hold by 6 analysts and a buy by 10. Brokers who have rated the stock have averaged $35.87 as their price target over the next twelve months.
With the price target of $39, Jefferies recently initiated with Buy rating for Keurig Dr Pepper Inc (NASDAQ: KDP).
In other news, Cofer Timothy P., Chief Operating Officer bought 15,000 shares of the company’s stock on Nov 08. The stock was bought for $465,900 at an average price of $31.06. Upon completion of the transaction, the Chief Operating Officer now directly owns 400,393 shares in the company, valued at $13.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, President, US Refreshment Bev. Archambault Matthew Andrew sold 16,000 shares of the business’s stock. A total of $497,120 was realized by selling the stock at an average price of $31.07. This leaves the insider owning 800 shares of the company worth $26112.0. Insiders disposed of 88,592,365 shares of company stock worth roughly $2.89 billion over the past 1 year. A total of 29.07% of the company’s stock is owned by insiders.
During the past 12 months, Keurig Dr Pepper Inc has had a low of $27.66 and a high of $38.94. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 0.39, and a quick ratio of 0.22. According to the stock market information, the enterprise value for the company is $59.71B, which is based on a 23.79 price-to-earnings ratio, a 3.39 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for KDP is $30.87 and a two-hundred day moving average price translates $32.80 for the stock.
The latest earnings results from Keurig Dr Pepper Inc (NASDAQ: KDP) was released for Sep, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.47 by 0.01. This compares to $0.13 EPS in the same period last year. The net profit margin was 13.16% and return on equity was 7.69% for KDP. The company reported revenue of $3.81 billion for the quarter, compared to $3.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.05 percent. For the current quarter, analysts expect KDP to generate $3.92B in revenue.
