Keurig Dr Pepper (NYSE:KDP) issued its earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01, MarketWatch Earnings reports. Keurig Dr Pepper had a net margin of 10.32% and a return on equity of 7.91%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Keurig Dr Pepper updated its FY 2020
Pre-Market guidance to 1.38-1.40 EPS and its FY20 guidance to $1.38-1.40 EPS.
KDP stock traded down $0.18 during midday trading on Friday, reaching $30.59. The company had a trading volume of 3,826,215 shares, compared to its average volume of 2,079,581. The firm has a 50-day moving average price of $29.12 and a 200-day moving average price of $27.40. The company has a market capitalization of $43.04 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.90 and a beta of 0.61. Keurig Dr Pepper has a 1 year low of $18.98 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.31 and a quick ratio of 0.23.
In other news, major shareholder Holdings B.V. Jab acquired 7,380,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $27.16 per share, for a total transaction of $200,440,800.00. Also, Director Robert S. Singer acquired 1,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $28.14 per share, for a total transaction of $28,140.00. Following the completion of the transaction, the director now directly owns 65,500 shares in the company, valued at approximately $1,843,170. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.
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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