Keurig Dr Pepper Inc (NASDAQ:KDP) Is Now 23.34% Above Its 52-Week Low. How Long Will It Continue To Rise?

In last trading session, Keurig Dr Pepper Inc (NASDAQ:KDP) saw 9.47 million shares changing hands with its beta currently measuring 0.62. Company’s recent per share price level of $36.94 trading at $0.44 or 1.21% at ring of the bell on the day assigns it a market valuation of $50.09B. That closing price of KDP’s stock is at a discount of -3.63% from its 52-week high price of $38.28 and is indicating a premium of 23.34% from its 52-week low price of $28.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.91 million shares which gives us an average trading volume of 7.33 million if we extend that period to 3-months.

For Keurig Dr Pepper Inc (KDP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.15. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.51 in the current quarter.

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Keurig Dr Pepper Inc (NASDAQ:KDP) trade information

Upright in the green during last session for gaining 1.21%, in the last five days KDP remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $36.94 price level, adding 0.7% to its value on the day. Keurig Dr Pepper Inc’s shares saw a change of 10.86% in year-to-date performance and have moved 1.54% in past 5-day. Keurig Dr Pepper Inc (NASDAQ:KDP) showed a performance of -1.49% in past 30-days. Number of shares sold short was 21.77 million shares which calculate 3.08 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 40 to the stock, which implies a rise of 7.65% to its current value. Analysts have been projecting 34 as a low price target for the stock while placing it at a high target of 43. It follows that stock’s current price would jump 7.96% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.96% for stock’s current value.

Keurig Dr Pepper Inc (KDP) estimates and forecasts

Statistics highlight that Keurig Dr Pepper Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 17.27% of value to its shares in past 6 months, showing an annual growth rate of 7.26% while that of industry is 16.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.80% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.92B for the same. And 11 analysts are in estimates of company making revenue of 4.07B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 23.74% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.24% while estimates for its earnings growth in next 5 years are of 7.02%.

KDP Dividends

Keurig Dr Pepper Inc is more likely to be releasing its next quarterly report on 2024-Oct-24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.37%, the share has a forward dividend of 0.88 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.16%.

Keurig Dr Pepper Inc (NASDAQ:KDP)’s Major holders

Insiders are in possession of 21.92% of company’s total shares while institution are holding 74.17 percent of that, with stock having share float percentage of 94.99%. Investors also watch the number of corporate investors in a company very closely, which is 74.17% institutions for Keurig Dr Pepper Inc that are currently holding shares of the company. CAPITAL WORLD INVESTORS is the top institutional holder at KDP for having 110.82 million shares of worth $3.7 billion. And as of 2024-06-30, it was holding 8.0262 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 95.28 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.9006 of outstanding shares, having a total worth of $3.18 billion.