Keurig Dr Pepper Inc (NASDAQ:KDP) shares traded -0.77% lower at $37.19 on Wall Street last session.
KDP stock price is now 3.70% away from the 50-day moving average and 12.51% away from the 200-day moving average. The market capitalization of the company currently stands at $50.43B.
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With the price target enhanced from $36 to $43, Citigroup Upgraded its rating from Neutral to Buy for Keurig Dr Pepper Inc (NASDAQ: KDP). On June 24, 2024, Exane BNP Paribas recently initiated its ‘Neutral’ rating on the stock quoting a target price of $36, while ‘Truist’ rates the stock as ‘Hold’
In other news, YOUNG LARRY D, Former officer/director bought 100,000 shares of the company’s stock on Sep 03 ’24. The stock was bought for $3,695,890 at an average price of $36.96. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, Former officer/director YOUNG LARRY D bought 100,000 shares of the business’s stock. A total of $3,495,896 was incurred on buying the stock at an average price of $34.96. A total of 22.09% 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 $38.28. 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 $66743853056, which is based on a 23.71 price-to-earnings ratio, a 3.37 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for KDP is $35.9486 and a two-hundred day moving average price translates $33.0749 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.
