Keurig Dr Pepper Inc (NASDAQ: KDP): Is It A Gold Mine Or A Disaster In The Making?

In today’s recent session, 3.26 million shares of the Keurig Dr Pepper Inc (NASDAQ:KDP) have been traded, and its beta is 0.66. Most recently the company’s share price was $31.06, and it changed around $0.39 or 1.27% from the last close, which brings the market valuation of the company to $43.10B. KDP at last check was trading at a discount to its 52-week high of $35.99, offering almost -15.87% off that amount. The share price’s 52-week low was $27.66, which indicates that the recent value has risen by an impressive 10.95% since then. We note from Keurig Dr Pepper Inc’s average daily trading volume that its 10-day average is 14.43 million shares, with the 3-month average coming to 10.94 million.

Keurig Dr Pepper Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.18. If we narrow it down even further, the data shows that 1 out of 19 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 8 recommended KDP as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Keurig Dr Pepper Inc is expected to report earnings per share of $0.34 for the current quarter.

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Keurig Dr Pepper Inc (NASDAQ:KDP) trade information

Instantly KDP has been showing a green trend so far today with a performance of 1.27% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -6.78% year-to-date, but still up 4.23% over the last five days. On the other hand, Keurig Dr Pepper Inc (NASDAQ:KDP) is 3.85% up in the 30-day period. We can see from the shorts that 12.66 million shares have been sold at a short interest cover period of 0.85 day(s).

The consensus price target as assigned by Wall Street analysts is $39.44, which translates to bulls needing to increase their stock price by 21.25% from its current value. Analyst projections state that KDP is forecast to be at a low of $35 and a high of $46.

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 -1.27 percent over the past six months and at a 6.70% annual growth rate that is well below the industry average of 20.60%. The year-over-year growth rate is expected to be 3.70%, up from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $3.41 billion in revenue for the current quarter. 13 analysts expect Keurig Dr Pepper Inc to make $3.93 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $3.35 billion and $3.69 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.70%. Forecasts for the next quarter put sales growth at 6.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.74%. Keurig Dr Pepper Inc earnings are expected to increase by 6.59% in 2024, but the outlook is positive 7.13% per year for the next five years.

KDP Dividends

Keurig Dr Pepper Inc’s next quarterly earnings report is expected to be released on April 25. The annual dividend yield of the stock is 2.72 percent and its annual dividend per share was 0.84. It is important to note, however, that the 2.72% 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 24.88% of Keurig Dr Pepper Inc shares, and 67.85% of them are in the hands of institutional investors. The stock currently has a share float of 90.32%. Keurig Dr Pepper Inc stock is held by 1,039 institutions, with Capital World Investors being the largest institutional investor. By Jun 29, 2023, it held 5.73% of the shares, which is about 80.62 million shares worth $2.52 billion.

Vanguard Group Inc, with 5.45% or 76.71 million shares worth $2.4 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 29, 2023. The former held 41.8 million shares worth $1.32 billion, making up 2.97% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 30.63 million shares worth around $957.86 million, which represents about 2.18% of the total shares outstanding.