During the last session, Keurig Dr Pepper Inc (NASDAQ:KDP)’s traded shares were 7.33 million, with the beta value of the company hitting 0.65. At the end of the trading day, the stock’s price was $30.68, reflecting an intraday loss of -1.06% or -$0.33. The 52-week high for the KDP share is $35.99, that puts it down -17.31 from that peak though still a striking 9.84% gain since the share price plummeted to a 52-week low of $27.66. The company’s market capitalization is $42.57B, and the average intraday trading volume over the past 10 days was 12.28 million shares, and the average trade volume was 11.13 million shares over the past three months.
Keurig Dr Pepper Inc (NASDAQ:KDP) trade information
Keurig Dr Pepper Inc (KDP) registered a -1.06% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.06% in intraday trading to $30.68, hitting a weekly high. The stock’s 5-day price performance is 0.29%, and it has moved by 5.47% in 30 days. Based on these gigs, the overall price performance for the year is -13.31%. The short interest in Keurig Dr Pepper Inc (NASDAQ:KDP) is 12.66 million shares and it means that shorts have 0.85 day(s) to cover.
Keurig Dr Pepper Inc (KDP) estimates and forecasts
Statistics show that Keurig Dr Pepper Inc has underperformed its competitors in share price, compared to the industry in which it operates. Keurig Dr Pepper Inc (KDP) shares have gone down -1.32% during the last six months, with a year-to-date growth rate less than the industry average at 6.70% against 20.70. In the rating firms’ projections, revenue will increase 3.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.41 billion as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to $3.93 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.35 billion and $3.69 billion respectively. In this case, analysts expect current quarter sales to grow by 1.70% and then jump by 6.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 23.74%. While earnings are projected to return 6.59% in 2024, the next five years will return 7.13% per annum.
KDP Dividends
Keurig Dr Pepper Inc is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Keurig Dr Pepper Inc is 0.84, with the dividend yield indicating at 2.75 percent, continuing the trend of increasing dividends in recent years.
Keurig Dr Pepper Inc (NASDAQ:KDP)’s Major holders
Keurig Dr Pepper Inc insiders own 24.88% of total outstanding shares while institutional holders control 67.85%, with the float percentage being 90.32%. Capital World Investors is the largest shareholder of the company, while 1,039 institutions own stock in it. As of Jun 29, 2023, the company held over 80.62 million shares (or 5.73% of all shares), a total value of $2.52 billion in shares.
The next largest institutional holding, with 76.71 million shares, is of Vanguard Group Inc’s that is approximately 5.45% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $2.4 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Keurig Dr Pepper Inc (KDP) shares are Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2023 indicates that Washington Mutual Investors Fund owns about 41.8 million shares. This amounts to just over 2.97 percent of the company’s overall shares, with a $1.32 billion market value. The same data shows that the other fund manager holds slightly less at 30.63 million, or about 2.18% of the stock, which is worth about $957.86 million.
