In today’s recent session, 1.16 million shares of the Keurig Dr Pepper Inc (NASDAQ:KDP) have been traded, and its beta is 0.62. Most recently the company’s share price was $36.14, and it changed around -$0.06 or -0.16% from the last close, which brings the market valuation of the company to $49.01B. KDP at last check was trading at a discount to its 52-week high of $38.28, offering almost -5.92% off that amount. The share price’s 52-week low was $27.66, which indicates that the recent value has risen by an impressive 23.46% since then. We note from Keurig Dr Pepper Inc’s average daily trading volume that its 10-day average is 7.03 million shares, with the 3-month average coming to 7.42 million.
Keurig Dr Pepper Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.15. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 11 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 0.51 for the current quarter.
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Keurig Dr Pepper Inc (NASDAQ:KDP) trade information
Instantly KDP has been showing red trend so far today with a performance of -0.16% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 36.92 on recent trading dayincreased the stock’s daily price by 2.11%. The company’s shares are currently up 8.47% year-to-date, but still down -2.37% over the last five days. On the other hand, Keurig Dr Pepper Inc (NASDAQ:KDP) is -2.84% down in the 30-day period. We can see from the shorts that 21.72 million shares have been sold at a short interest cover period of 3.7 day(s).
The consensus price target as assigned by Wall Street analysts is $38, which translates to bulls needing to increase their stock price by 4.89% from its current value. Analyst projections state that KDP is forecast to be at a low of $34 and a high of $43.
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 risen 17.92 percent over the past six months and at a 7.26% annual growth rate that is well below the industry average of 20.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.30% in revenue this quarter, and will report an increase of 5.50% in the next quarter. The year-over-year growth rate is expected to be 3.80%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 3.93B in revenue for the current quarter. 11 analysts expect Keurig Dr Pepper Inc to make 4.07B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 5.20%.
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 7.31% in 2024, but the outlook is positive 7.01% per year for the next five years.
KDP Dividends
Keurig Dr Pepper Inc’s next quarterly earnings report is expected to be released on 2024-Oct-24. The annual dividend yield of the stock is 2.42 percent and its annual dividend per share was 0.88. It is important to note, however, that the 2.42% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.16 per year.
Keurig Dr Pepper Inc (NASDAQ:KDP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 21.92% of Keurig Dr Pepper Inc shares, and 74.19% of them are in the hands of institutional investors. The stock currently has a share float of 95.02%. Keurig Dr Pepper Inc stock is held by 1084.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 8.0262% of the shares, which is about 110.82 million shares worth $3.7 billion.
VANGUARD GROUP INC, with 6.9006% or 95.28 million shares worth $3.18 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Washington Mutual Investors Fund and American Balanced Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 47.63 shares worth $1.72 billion, making up 3.38% of all outstanding shares. On the other hand, American Balanced Fund held roughly 36.88 shares worth around $1.33 billion, which represents about 2.62% of the total shares outstanding.
