In yesterday’s Wall Street session, Keurig Dr Pepper Inc (NASDAQ:KDP) shares traded at $31.01, up 0.68% from the previous session.
KDP stock price is now 1.97% away from the 50-day moving average and -1.92% away from the 200-day moving average. The market capitalization of the company currently stands at $43.03B.
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 $8.79 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 $8.79 billion. A total of 22.02% 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 $56.53B, which is based on a 20.01 price-to-earnings ratio, a 2.81 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for KDP is $30.39 and a two-hundred day moving average price translates $31.61 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.
