Keurig Dr Pepper Inc (NASDAQ:KDP) shares traded 0.74% higher at $29.80 on Wall Street last session.
KDP stock price is now -2.73% away from the 50-day moving average and -5.89% away from the 200-day moving average. The market capitalization of the company currently stands at $41.35B.
With the price target maintained at $37, Morgan Stanley recently Downgraded its rating from Overweight to Equal-Weight for Keurig Dr Pepper Inc (NASDAQ: KDP). On December 22, 2023, HSBC Securities recently initiated its ‘Hold’ rating on the stock quoting a target price of $37, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, JAB Holdings B.V., 10% Owner sold 13,043,478 shares of the company’s stock on Mar 15 ’24. The stock was sold for $376,956,514 at an average price of $28.90. Upon completion of the transaction, the 10% Owner now directly owns 283,443,879 shares in the company, valued at $8.45 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, 10% Owner JAB BevCo B.V. sold 13,043,478 shares of the business’s stock. A total of $376,956,514 was realized by selling the stock at an average price of $28.90. This leaves the insider owning 283,443,879 shares of the company worth $8.45 billion. A total of 22.01% 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 $35.99. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 0.38, and a quick ratio of 0.24. According to the stock market information, the enterprise value for the company is $54.88B, which is based on a 19.23 price-to-earnings ratio, a 2.70 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for KDP is $30.60 and a two-hundred day moving average price translates $31.66 for the stock.
The latest earnings results from Keurig Dr Pepper Inc (NASDAQ: KDP) was released for Dec, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.55, beating analysts’ expectations of $0.54 by 0.01. This compares to $0.32 EPS in the same period last year. The net profit margin was 14.72% and return on equity was 8.59% for KDP. The company reported revenue of $3.87 billion for the quarter, compared to $3.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.68 percent. For the current quarter, analysts expect KDP to generate $3.41B in revenue.
Keurig Dr Pepper Inc(KDP) Company Profile
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. Its U.S. Coffee segment offers finished goods relating to K-Cup pods, single serve brewers, specialty coffee, and ready to drink coffee products through Keurig.com website. The International segment provides sales in Canada, Mexico, the Caribbean, and other international markets from the manufacture and distribution of branded concentrates, syrup, and finished beverages; and sales in Canada from the manufacture and distribution of finished goods relating to the Company’s single serve brewers, KCup pods, and other coffee products. It serves retailers, third-party bottlers and distributors, retail partners, hotel chains, office coffee distributors, and end-use consumers. The company offers its products under the Dr Pepper, Canada Dry, Green Mountain Coffee Roasters, Snapple, Mott’s, The Original Donut Shop, Clamato, and Core Hydration brand name. Keurig Dr Pepper Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.
