During the last session, Keurig Dr Pepper Inc (NASDAQ:KDP)’s traded shares were 42.2 million, with the beta value of the company hitting 0.62. At the end of the trading day, the stock’s price was $32.99, reflecting an intraday gain of 0.33% or $0.11. The 52-week high for the KDP share is $38.28, that puts it down -16.04 from that peak though still a striking 13.28% gain since the share price plummeted to a 52-week low of $28.61. The company’s market capitalization is $44.75B, and the average intraday trading volume over the past 10 days was 18.48 million shares, and the average trade volume was 8.21 million shares over the past three months.
Keurig Dr Pepper Inc (KDP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.15. KDP has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.58.
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Keurig Dr Pepper Inc (NASDAQ:KDP) trade information
Keurig Dr Pepper Inc (KDP) registered a 0.33% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.33% in intraday trading to $32.99, hitting a weekly high. The stock’s 5-day price performance is -10.11%, and it has moved by -11.29% in 30 days. Based on these gigs, the overall price performance for the year is 9.89%. The short interest in Keurig Dr Pepper Inc (NASDAQ:KDP) is 20.65 million shares and it means that shorts have 2.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 17.52% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $34 and $43 respectively. As a result, KDP is trading at a discount of -30.34% off the target high and -3.06% off the low.
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 -1.05% during the last six months, with a year-to-date growth rate less than the industry average at 7.26% against 16.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 5.50% this quarter and then jump 5.30% in the quarter after that. In the rating firms’ projections, revenue will increase 3.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.04B as predicted by 10 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 3.69B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.87B and 3.41B respectively. In this case, analysts expect current quarter sales to grow by 4.50% and then jump by 8.30% 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 7.07% in 2024, the next five years will return 7.01% per annum.
KDP Dividends
Keurig Dr Pepper Inc is due to release its next quarterly earnings in November. 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 0.88, with the dividend yield indicating at 2.65 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.16%.
Keurig Dr Pepper Inc (NASDAQ:KDP)’s Major holders
Keurig Dr Pepper Inc insiders own 21.91% of total outstanding shares while institutional holders control 74.35%, with the float percentage being 95.21%. CAPITAL WORLD INVESTORS is the largest shareholder of the company, while 1082.0 institutions own stock in it. As of 2024-06-30, the company held over 110.82 million shares (or 8.0262% of all shares), a total value of $3.7 billion in shares.
The next largest institutional holding, with 95.28 million shares, is of VANGUARD GROUP INC’s that is approximately 6.9006% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.18 billion.
