Stocks of Keurig Dr Pepper Inc (NASDAQ:KDP) traded higher last session on Wall Street, down -1.33% to $31.24.
KDP stock price is now -12.27% away from the 50-day moving average and -6.78% away from the 200-day moving average. The market capitalization of the company currently stands at $40.19B.
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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, JAB BevCo B.V., 10% Owner sold 69,000,000 shares of the company’s stock on Oct 30 ’24. The stock was sold for $2,252,850,000 at an average price of $32.65. Upon completion of the transaction, the 10% Owner now directly owns 214,443,879 shares in the company, valued at $6.7 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Former officer/director YOUNG LARRY D bought 100,000 shares of the business’s stock. A total of $3,695,890 was incurred on buying the stock at an average price of $36.96. A total of 17.00% 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 $59202322432, which is based on a 18.91 price-to-earnings ratio, a 2.70 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for KDP is $35.7292 and a two-hundred day moving average price translates $33.5159 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.
