In yesterday’s Wall Street session, Keurig Dr Pepper Inc (NASDAQ:KDP) shares traded at $34.58, down -1.03% from the previous session.
KDP stock price is now -5.78% away from the 50-day moving average and 3.46% away from the 200-day moving average. The market capitalization of the company currently stands at $46.91B.
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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 $28.61 and a high of $38.28. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 0.53, and a quick ratio of 0.34. According to the stock market information, the enterprise value for the company is $63163166720, which is based on a 20.93 price-to-earnings ratio, a 2.98 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for KDP is $36.7016 and a two-hundred day moving average price translates $33.42385 for the stock.
The latest earnings results from Keurig Dr Pepper Inc (NASDAQ: KDP) was released for 2024-09-30. The net profit margin was 15.04% and return on equity was 9.05% for KDP. The company reported revenue of $3.89 billion for the quarter, compared to $3.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.26 percent.
