Keurig Dr Pepper (NYSE:KDP) Updates FY20 Earnings Guidance
Keurig Dr Pepper (NYSE:KDP) updated its FY20 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 +3-4% (implying $1.145-1.16 billion), compared to the consensus revenue estimate of $11.42 billion.Keurig Dr Pepper also updated its FY 2020
Pre-Market guidance to 1.38-1.40 EPS.
Several brokerages have issued reports on KDP. Jefferies Financial Group lifted their price target on shares of Keurig Dr Pepper from $36.00 to $39.00 and gave the company a buy rating in a research note on Monday, July 27th. Royal Bank of Canada restated a buy rating and set a $31.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, April 30th. Evercore ISI upgraded shares of Keurig Dr Pepper from an in-line rating to an outperform rating and set a $35.00 price objective on the stock in a research note on Monday, June 1st. Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a neutral rating to a buy rating and boosted their price objective for the stock from $27.00 to $33.00 in a research note on Thursday, July 9th. Finally, Citigroup boosted their price objective on shares of Keurig Dr Pepper from $28.00 to $31.00 and gave the stock a neutral rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $33.63.
Shares of KDP opened at $30.59 on Friday. Keurig Dr Pepper has a 52 week low of $18.98 and a 52 week high of $32.00. The firm has a market cap of $43.04 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. The firm’s 50-day simple moving average is $29.12 and its 200 day simple 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.
In related news, major shareholder Holdings B.V. Jab purchased 7,380,000 shares of the firm’s stock in a transaction that occurred on 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 acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $28.14 per share, with a total value of $28,140.00. Following the acquisition, the director now directly owns 65,500 shares in the company, valued at $1,843,170. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by corporate insiders.
About Keurig Dr Pepper
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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