Reviewing The Case For Keurig Dr Pepper Inc (KDP) Going Higher

Currently, there are 1.39B common shares owned by the public and among those 1.06B shares have been available to trade.

The company’s stock has a 5-day price change of 1.77% and 9.63% over the past three months. KDP shares are trading 14.08% year to date (YTD), with the 12-month market performance up to 14.04% higher. It has a 12-month low price of $27.66 and touched a high of $37.84 over the same period. KDP has an average intraday trading volume of 7.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.88%, 7.72%, and 15.54% respectively.

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Institutional ownership of Keurig Dr Pepper Inc (NASDAQ: KDP) shares accounts for 71.87% of the company’s 1.39B shares outstanding.

It has a market capitalization of $51.54B and a beta (3y monthly) value of 0.62. The stock’s trailing 12-month PE ratio is 24.23, while the earnings-per-share (ttm) stands at $1.57. The company has a PEG of 3.44 and a Quick Ratio of 0.33 with the debt-to-equity ratio at 0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.05% over the week and 1.42% over the month.

Earnings per share for the fiscal year are expected to increase by 7.53%, and 7.65% over the next financial year. EPS should shrink at an annualized rate of 7.04% over the next five years, compared to 23.74% over the past 5-year period.

Looking at the support for the KDP, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on Sep-24-24, with the firm’s price target at $36-$43. Exane BNP Paribas coverage for the Keurig Dr Pepper Inc (KDP) stock in a research note released on June 24, 2024 offered a Neutral rating with a price target of $36. Truist was of a view on June 17, 2024 that the stock is Hold, while Morgan Stanley gave the stock Equal-Weight rating on January 03, 2024, issuing a price target of $37. HSBC Securities on their part issued Hold rating on December 22, 2023.

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