Keurig Dr Pepper Inc (NASDAQ:KDP) shares, rose in value, with the stock price up by 0.29% to the previous day’s close as strong demand from buyers drove the stock to $30.77.
Actively observing the price movement in the last trading, the stock closed the session at $30.68. The value of beta (5-year monthly) was 0.66 whereas the PE ratio was 19.86 over 12-month period. Referring to stock’s 52-week performance, its high was $35.99, and the low was $27.66. On the whole, KDP has fluctuated by 5.38% over the past month.
With the market capitalization of Keurig Dr Pepper Inc currently standing at about $42.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024. The company’s Forward Dividend Ratio is 0.84, with its dividend yield at 2.75%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.34, which is expected to increase to $0.49 for fiscal year $1.91 and then to about $2.05 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.70% in 2025, while the next year’s EPS growth is forecast to be 7.30%.
Analysts have estimated the company’s revenue for the quarter at $3.41 billion, with a low estimate of $3.32 billion and a high estimate of $3.44 billion. According to the average forecast, sales growth in current quarter could jump up 1.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $15.37 billion, representing an increase of 3.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KDP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.79, with the price of KDP currently trading nearly 2.96% and 1.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.02, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.62%. Furthermore, Keurig Dr Pepper Inc (KDP)’s beta value is 0.65, and its average true range (ATR) is 0.53.
A comparison of Keurig Dr Pepper Inc (KDP) with its peers suggests the former has fared considerably weaker in the market. KDP showed an intraday change of 0.29% in last session, and over the past year, it shrunk by -12.98%%.
Data on historical trading for Keurig Dr Pepper Inc (NASDAQ:KDP) indicates that the trading volumes over the past 10 days have averaged 11.77 million and over the past 3 months, they’ve averaged 11.13 million. According to company’s latest data on outstanding shares, there are 1.39 billion shares outstanding.
Nearly 22.02% of Keurig Dr Pepper Inc’s shares belong to company insiders and institutional investors own 65.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.66 million shares as on Mar 15, 2024, resulting in a short ratio of 0.85. According to the data, the short interest in Keurig Dr Pepper Inc (KDP) stood at 0.94% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 16.12 million. The stock has fallen by -7.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KDP stock heading into the next quarter.
