Keurig Dr Pepper (NYSE:KDP) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 1.38-1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38. The company issued revenue guidance of $11.454-11.565 billion, compared to the consensus revenue estimate of $11.42 billion.Keurig Dr Pepper also updated its FY20 guidance to $1.38-1.40 EPS.

A number of research analysts have recently issued reports on the company. SunTrust Banks reiterated a buy rating on shares of Keurig Dr Pepper in a research report on Wednesday, April 29th. Jefferies Financial Group increased their target price on Keurig Dr Pepper from $36.00 to $39.00 and gave the company a buy rating in a research report on Monday, July 27th. Citigroup increased their target price on Keurig Dr Pepper from $28.00 to $31.00 and gave the company a neutral rating in a research report on Tuesday, April 28th. Morgan Stanley increased their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an equal weight rating in a research report on Friday. Finally, Royal Bank of Canada reiterated a buy rating and set a $31.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, April 30th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $33.63.

Shares of KDP stock opened at $30.59 on Friday. The stock’s fifty day moving average is $29.12 and its two-hundred day moving average is $27.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.31. The firm has a market capitalization of $43.04 billion, a P/E ratio of 23.71, a PEG ratio of 1.90 and a beta of 0.61. Keurig Dr Pepper has a fifty-two week low of $18.98 and a fifty-two week high of $32.00.

Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Keurig Dr Pepper had a return on equity of 7.91% and a net margin of 10.32%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. On average, equities analysts forecast that Keurig Dr Pepper will post 1.4 earnings per share for the current year.

In related news, major shareholder Holdings B.V. Jab purchased 7,380,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $27.16 per share, for a total transaction of $200,440,800.00. Also, Director Robert S. Singer purchased 1,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $28.14 per share, for a total transaction of $28,140.00. Following the acquisition, the director now owns 65,500 shares in the company, valued at $1,843,170. The disclosure for this purchase can be found here. Company insiders own 0.41% 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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Earnings History and Estimates for Keurig Dr Pepper (NYSE:KDP)

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