In the last trading session, 18.45 million Keurig Dr Pepper Inc (NASDAQ:KDP) shares changed hands as the company’s beta touched 0.66. With the company’s per share price at $30.73 changed hands at $0.25 or 0.82% during last session, the market valuation stood at $42.64B. KDP’s last price was a discount, traded about -17.12% off its 52-week high of $35.99. The share price had its 52-week low at $27.66, which suggests the last value was 9.99% up since then. When we look at Keurig Dr Pepper Inc’s average trading volume, we note the 10-day average is 15.26 million shares, with the 3-month average coming to 10.48 million.
Keurig Dr Pepper Inc (NASDAQ:KDP) trade information
Instantly KDP was in green as seen at the end of in last trading. With action 4.84%, the performance over the past five days has been green. The jump to weekly highs of 31.01 added 0.82% to the stock’s daily price. The company’s shares are showing year-to-date downside of -7.77%, with the 5-day performance at 4.84% in the green. However, in the 30-day time frame, Keurig Dr Pepper Inc (NASDAQ:KDP) is 4.17% up. Looking at the short shares, we see there were 14.0 million shares sold at short interest cover period of 1.33 days.
Keurig Dr Pepper Inc (KDP) estimates and forecasts
Data shows that the Keurig Dr Pepper Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -5.39% over the past 6 months, a 6.70% in annual growth rate that is considerably lower than the industry average of 21.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Keurig Dr Pepper Inc will rise 2.90%, while the growth in revenue is estimated to hit 9.50% for the next quarter. Year-over-year growth is forecast to reach 3.80% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of $3.41 billion. 13 analysts are of the opinion that Keurig Dr Pepper Inc’s revenue for the quarter ending Jun 2024 will be $3.93 billion. The company’s revenue for the corresponding quarters a year ago was $3.35 billion and $3.69 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.80%. The estimates for the next quarter sales put growth at 6.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.74%. The 2024 estimates are for Keurig Dr Pepper Inc earnings to increase by 6.59%, but the outlook for the next 5-year period is at 7.13% per year.
KDP Dividends
Keurig Dr Pepper Inc is expected to release its next quarterly earnings report between April 25 and April 29. The 2.70% annual yield figure for the share gives it an annual dividend of 0.83. It is important to note, however, that the 2.70% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Keurig Dr Pepper Inc (NASDAQ:KDP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.88% of Keurig Dr Pepper Inc shares while 67.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.32%. There are 67.85% institutions holding the Keurig Dr Pepper Inc stock share, with Capital World Investors the top institutional holder. As of Jun 29, 2023, the company held 5.73% of the shares, roughly 80.62 million KDP shares worth $2.52 billion.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 5.45% or 76.71 million shares worth $2.4 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund. With 41.8 million shares estimated at $1.32 billion under it, the former controlled 2.97% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.18% of the shares, roughly 30.63 million shares worth around $957.86 million.
