In the last trading session, 6.31 million shares of the Keurig Dr Pepper Inc. (NASDAQ:KDP) were traded, and its beta was 0.61. Most recently the company’s share price was $32.02, and it changed around $0.11 or 0.34% from the last close, which brings the market valuation of the company to $45.01B. KDP currently trades at a discount to its 52-week high of $41.31, offering almost -29.01% off that amount. The share price’s 52-week low was $31.62, which indicates that the current value has risen by an impressive 1.25% since then. We note from Keurig Dr Pepper Inc.’s average daily trading volume that its 10-day average is 6.52 million shares, with the 3-month average coming to 8.64 million.
Keurig Dr Pepper Inc. (NASDAQ:KDP) trade information
Instantly KDP has showed a green trend with a performance of 0.34% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 32.16 on Tuesday, 05/23/23 increased the stock’s daily price by 0.44%. The company’s shares are currently down -10.21% year-to-date, but still up 0.50% over the last five days. On the other hand, Keurig Dr Pepper Inc. (NASDAQ:KDP) is -9.45% up in the 30-day period. We can see from the shorts that 10.82 million shares have been sold at a short interest cover period of 1.28 day(s).
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Keurig Dr Pepper Inc. (KDP) estimates and forecasts
Keurig Dr Pepper Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -14.43 percent over the past six months and at a 5.95% annual growth rate that is well below the industry average of 21.80%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 2.60% in revenue this quarter, and will report an increase of 8.70% in the next quarter. The year-over-year growth rate is expected to be 5.20%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $3.71 billion in revenue for the current quarter. 12 analysts expect Keurig Dr Pepper Inc. to make $3.8 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $3.55 billion and $3.63 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.30%. Forecasts for the next quarter put sales growth at 4.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.00%. Keurig Dr Pepper Inc. earnings are expected to increase by -33.20% in 2023, but the outlook is positive 6.20% per year for the next five years.
Keurig Dr Pepper Inc.’s next quarterly earnings report is expected to be released around July 26 and July 31. The annual dividend yield of the stock is 2.50 percent and its annual dividend per share was 0.80. It is important to note, however, that the 2.50% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Keurig Dr Pepper Inc. (NASDAQ:KDP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 35.55% of Keurig Dr Pepper Inc. shares, and 56.42% of them are in the hands of institutional investors. The stock currently has a share float of 87.53%. Keurig Dr Pepper Inc. stock is held by 1,046 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 5.02% of the shares, which is about 70.58 million shares worth $2.49 billion.
Blackrock Inc., with 4.90% or 68.97 million shares worth $2.43 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Washington Mutual Investors Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 27.99 million shares worth $998.19 million, making up 1.99% of all outstanding shares. On the other hand, Washington Mutual Investors Fund held roughly 24.61 million shares worth around $868.1 million, which represents about 1.75% of the total shares outstanding.