Keurig Dr Pepper Inc (NASDAQ:KDP) has a beta value of 0.66 and has seen 13.66 million shares traded in the last trading session. The company, currently valued at $40.67B, closed the last trade at $29.31 per share which meant it lost -$0.2 on the day or -0.68% during that session. The KDP stock price is -22.79% off its 52-week high price of $35.99 and 5.63% above the 52-week low of $27.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.23 million shares traded. The 3-month trading volume is 10.01 million shares.
Keurig Dr Pepper Inc (NASDAQ:KDP) trade information
Sporting -0.68% in the red in last session, the stock has traded in the green over the last five days, when the KDP stock price touched $29.31 or saw a rise of 2.01%. Year-to-date, Keurig Dr Pepper Inc shares have moved -12.03%, while the 5-day performance has seen it change 0.07%. Over the past 30 days, the shares of Keurig Dr Pepper Inc (NASDAQ:KDP) have changed -5.36%. Short interest in the company has seen 14.0 million shares shorted with days to cover at 1.33.
Keurig Dr Pepper Inc (KDP) estimates and forecasts
Figures show that Keurig Dr Pepper Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -12.90% over the past 6 months, with this year growth rate of 6.70%, compared to 20.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 2.90% and 9.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.80%.
13 analysts offering their estimates for the company have set an average revenue estimate of $3.41 billion for the current quarter. 13 have an estimated revenue figure of $3.93 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $3.35 billion and $3.69 billion respectively for this quarter and the next, and analysts expect sales will grow by 1.80% for the current quarter and 6.40% 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 23.74% over the past 5 years. Earnings growth for 2024 is a modest 6.59% while over the next 5 years, the company’s earnings are expected to increase by 7.13%.
KDP Dividends
Keurig Dr Pepper Inc is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.83 at a share yield of 2.83%. The company’s dividend yield has gone up over the past 12 months.
Keurig Dr Pepper Inc (NASDAQ:KDP)’s Major holders
Insiders own 25.82% of the company shares, while shares held by institutions stand at 67.86% with a share float percentage of 91.49%. Investors are also buoyed by the number of investors in a company, with Keurig Dr Pepper Inc having a total of 1,041 institutions that hold shares in the company. The top two institutional holders are Capital World Investors with over 80.62 million shares worth more than $2.52 billion. As of Jun 29, 2023, Capital World Investors held 5.73% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 76.71 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $2.4 billion and represent 5.45% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 2.97% shares in the company for having 41.8 million shares of worth $1.32 billion while later fund manager owns 30.63 million shares of worth $957.86 million as of Jun 29, 2023, which makes it owner of about 2.18% of company’s outstanding stock.
