In yesterday’s Wall Street session, Keurig Dr Pepper Inc (NASDAQ:KDP) shares traded at $36.61, up 1.22% from the previous session.
KDP stock price is now 7.35% away from the 50-day moving average and 12.63% away from the 200-day moving average. The market capitalization of the company currently stands at $49.65B.
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With the price target of $36, Exane BNP Paribas recently initiated with Neutral rating for Keurig Dr Pepper Inc (NASDAQ: KDP). On June 17, 2024, Truist Upgraded its previous ‘Sell’ rating to ‘Hold’ on the stock increasing its target price from $27 to quote $34, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, YOUNG LARRY D, Former officer/director bought 100,000 shares of the company’s stock on Aug 13 ’24. The stock was bought for $3,495,896 at an average price of $34.96. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, President, US Refreshment Bev. Archambault Matthew Andrew sold 8,000 shares of the business’s stock. A total of $273,520 was realized by selling the stock at an average price of $34.19. This leaves the insider owning 12,565 shares of the company worth $0.46 million. A total of 22.17% 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 $36.45. 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 0.33. According to the stock market information, the enterprise value for the company is $65957322752, which is based on a 23.34 price-to-earnings ratio, a 3.32 price-to-earnings-growth ratio, and a beta of 0.61. The fifty day moving average price for KDP is $34.1528 and a two-hundred day moving average price translates $32.5305 for the stock.
The latest earnings results from Keurig Dr Pepper Inc (NASDAQ: KDP) was released for 2024-06-30. The net profit margin was 14.47% and return on equity was 8.72% for KDP. The company reported revenue of $3.92 billion for the quarter, compared to $3.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.51 percent.
