The price of Keurig Dr Pepper Inc (NASDAQ:KDP) shares last traded on Wall Street rose 0.15% to $34.17.
KDP stock price is now 9.63% away from the 50-day moving average and 7.77% away from the 200-day moving average. The market capitalization of the company currently stands at $46.32B.
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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, Stephens Angela A., Senior VP & Controller sold 25,000 shares of the company’s stock on Apr 30 ’24. The stock was sold for $840,250 at an average price of $33.61. Upon completion of the transaction, the Senior VP & Controller now directly owns 76,081 shares in the company, valued at $2.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, President, US Coffee Minogue Patrick sold 17,293 shares of the business’s stock. A total of $580,872 was realized by selling the stock at an average price of $33.59. This leaves the insider owning 67,103 shares of the company worth $2.29 million. A total of 21.85% 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 $34.65. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 0.51, and a quick ratio of 0.32.
The net profit margin was 14.52% and return on equity was 8.71% for KDP. The company reported revenue of $3.47 billion for the quarter, compared to $3.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.43 percent.
