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Weak Fundamental Momentum Drags Keurig Dr Pepper Inc. (KDP) Upper

Keurig Dr Pepper Inc. (NASDAQ:KDP) has a beta value of 0.61 and has seen 7.95 million shares traded in the last trading session. The company, currently valued at $49.04B, closed the last trade at $34.98 per share which meant it gained $0.29 on the day or 0.84% during that session. The KDP stock price is -18.1% off its 52-week high price of $41.31 and 4.66% above the 52-week low of $33.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.39 million shares traded. The 3-month trading volume is 7.25 million shares.

Keurig Dr Pepper Inc. (NASDAQ:KDP) trade information

Sporting 0.84% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the KDP stock price touched $34.98 or saw a rise of 2.24%. Year-to-date, Keurig Dr Pepper Inc. shares have moved -1.91%, while the 5-day performance has seen it change -2.10%. Over the past 30 days, the shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) have changed -4.24%. Short interest in the company has seen 21.81 million shares shorted with days to cover at 2.55.

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Keurig Dr Pepper Inc. (KDP) estimates and forecasts

Figures show that Keurig Dr Pepper Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -4.84% over the past 6 months, with this year growth rate of 5.63%, compared to 2.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 13.30% and 12.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.70%.

13 analysts offering their estimates for the company have set an average revenue estimate of $3.78 billion for the current quarter. 10 have an estimated revenue figure of $3.29 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $3.39 billion and $3.08 billion respectively for this quarter and the next, and analysts expect sales will grow by 11.40% for the current quarter and 7.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.80% over the past 5 years. Earnings growth for 2023 is a modest 58.30% while over the next 5 years, the company’s earnings are expected to increase by 7.03%.

KDP Dividends

Keurig Dr Pepper Inc. is expected to release its next earnings report between February 22 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.80 at a share yield of 2.29%. The company’s dividend yield has gone up over the past 12 months.

Keurig Dr Pepper Inc. (NASDAQ:KDP)’s Major holders

Insiders own 39.71% of the company shares, while shares held by institutions stand at 54.59% with a share float percentage of 90.55%. Investors are also buoyed by the number of investors in a company, with Keurig Dr Pepper Inc. having a total of 948 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 64.3 million shares worth more than $2.28 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 4.57% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 63.24 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $2.24 billion and represent 4.49% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are American Mutual Fund Inc and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 1.98% shares in the company for having 27.89 million shares of worth $998.88 million while later fund manager owns 25.06 million shares of worth $886.92 million as of Jun 29, 2022, which makes it owner of about 1.78% of company’s outstanding stock.

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