Keurig Dr Pepper (NYSE:KDP) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.20 to $1.22 for the period, compared to the Thomson Reuters consensus estimate of $1.22. The company issued revenue guidance of Approx +2% yr/yr, compared to the consensus revenue estimate of $11.19 billion.Keurig Dr Pepper also updated its FY 2019 guidance to $1.20-1.22 EPS.
A number of equities research analysts have weighed in on the company. Credit Suisse Group assumed coverage on Keurig Dr Pepper in a research report on Wednesday, July 17th. They set a neutral rating and a $27.00 price target on the stock. ValuEngine upgraded Keurig Dr Pepper from a hold rating to a buy rating in a research report on Thursday, July 11th. Zacks Investment Research upgraded Keurig Dr Pepper from a hold rating to a buy rating and set a $32.00 price target on the stock in a research report on Wednesday, June 19th. Bank of America raised their price target on Keurig Dr Pepper from $30.00 to $33.00 and gave the company a buy rating in a research report on Friday. Finally, BMO Capital Markets upgraded Keurig Dr Pepper from a market perform rating to an outperform rating and raised their price target for the company from $27.00 to $34.00 in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $29.34.
KDP stock traded up $0.06 during midday trading on Friday, reaching $29.09. 2,300,148 shares of the company’s stock traded hands, compared to its average volume of 2,733,809. The company has a market cap of $40.84 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.56 and a beta of 0.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.33 and a quick ratio of 0.23. Keurig Dr Pepper has a fifty-two week low of $22.19 and a fifty-two week high of $31.06. The stock’s 50-day simple moving average is $28.77.
In other news, Director Robert S. Singer bought 3,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of $28.93 per share, with a total value of $86,790.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings B.V. Maple sold 52,902,300 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $27.77, for a total transaction of $1,469,096,871.00. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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