In the last trading session, 9.78 million Keurig Dr Pepper Inc (NASDAQ:KDP) shares changed hands as the company’s beta touched 0.62. With the company’s per share price at $36.93 changed hands at -$0.01 or -0.03% during last session, the market valuation stood at $50.08B. KDP’s last price was a discount, traded about -3.66% off its 52-week high of $38.28. The share price had its 52-week low at $28.32, which suggests the last value was 23.31% up since then. When we look at Keurig Dr Pepper Inc’s average trading volume, we note the 10-day average is 7.92 million shares, with the 3-month average coming to 7.38 million.
Analysts gave the Keurig Dr Pepper Inc (KDP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.15. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended KDP as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Keurig Dr Pepper Inc’s EPS for the current quarter is expected to be 0.51.
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Keurig Dr Pepper Inc (NASDAQ:KDP) trade information
Instantly KDP was in red as seen at the end of in last trading. With action 0.76%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 10.83%, with the 5-day performance at 0.76% in the green. However, in the 30-day time frame, Keurig Dr Pepper Inc (NASDAQ:KDP) is -1.41% down. Looking at the short shares, we see there were 21.77 million shares sold at short interest cover period of 3.08 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 7.68% from its current market value. According to analyst projections, KDP’s forecast low is 34 with 43 as the target high. To hit the forecast high, the stock’s price needs a -16.44% plunge from its current level, while the stock would need to tank 7.93% for it to hit the projected low.
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 16.28% over the past 6 months, a 7.26% in annual growth rate that is considerably lower than the industry average of 16.30%. Year-over-year growth is forecast to reach 3.80% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 3.93B. 11 analysts are of the opinion that Keurig Dr Pepper Inc’s revenue for the current quarter will be 4.07B. The estimates for the next quarter sales put growth at 5.20%.
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 7.24%, but the outlook for the next 5-year period is at 7.02% per year.
KDP Dividends
Keurig Dr Pepper Inc is expected to release its next quarterly earnings report in November. The 2.37% annual yield figure for the share gives it an annual dividend of 0.88. It is important to note, however, that the 2.37% 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. During the past 5 years, the average dividend yield was 2.16 per year.
Keurig Dr Pepper Inc (NASDAQ:KDP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.92% of Keurig Dr Pepper Inc shares while 74.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 95.08%. There are 74.24% institutions holding the Keurig Dr Pepper Inc stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 8.0262% of the shares, roughly 110.82 million KDP shares worth $3.7 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.9006% or 95.28 million shares worth $3.18 billion as of 2024-06-30.
