Keurig Dr Pepper Inc. (NASDAQ:KDP) saw a downside of -1.15% to close Tuesday at $33.43 after subtracting -$0.39 on the day. The 5-day average trading volume is 8,304,440 shares of the company’s common stock. It has gained $34.65 in the past week and touched a new high 1 time within the past 5 days. An average of 10,399,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,310,308.
KDP’s 1-month performance is 6.26% or $1.67 on its low of $31.25 reached on 07/14/23. The company’s shares have touched a 52-week low of $30.47 and high of $41.31, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, KDP has lost -6.25% or -$2.23 and has reached a new high 4 times. However, the current price is down -19.08% from the 52-week high price.
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Insider Transactions
KDP stock investors last saw insider trading activity on Aug 03.Archambault Matthew Andrew (President, Commercial) most recently sold 14,000 shares at $32.39 per share on May 11. This transaction cost the insider $453,460. Chief Corp. Affairs Officer, Sceppaguercio-Gever Maria A., sold 10,000 shares at a price of $32.88 on May 08. Then, on May 05, Chief Corp. Affairs Officer Sceppaguercio-Gever Maria A. sold 10,000 shares at a price of $33.00 per share. This transaction amounted to $330,000.
Valuation Metrics
KDP stock has a beta of 0.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.24 while the price-to-book (PB) in the most recent quarter is 1.85, with the price to cash flow ratio at 104.59.
Keurig Dr Pepper Inc.’s quick ratio for the period ended June 29 was 0.20, with the current ratio over the same period at 0.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.42, while the total debt to equity was 0.53.. In terms of profitability, the gross margin trailing 12 months is 52.70%. The trailing 12-month EBITDA margin is 25.08% while for the period ending June 29, Keurig Dr Pepper Inc.’s operating margin was 16.60%. The firm’s gross profit as reported stood at $7.32 billion against revenue of $14.06 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 56.66% to $503.0 million, while revenue of $467.0 million was 7.16% off the previous quarter. Analysts expected KDP to announce $0.4 per share in earnings in its latest quarter, but it posted $0.42, representing a 5.00% surprise. EBITDA for the quarter stood at more than $944.0 million. KDP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 26.53 billion, with total debt at $14.37 billion. Shareholders hold equity totaling $1.4 billion.
Let’s look briefly at Keurig Dr Pepper Inc. (KDP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 54.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.06%.
The stock’s 5-day moving average is $33.85, reflecting a -2.05% or -$0.70 change from its current price. KDP is currently trading +6.50% above its 20-day SMA, -4.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.96% and SMA200 by-11.51%.
Stochastic %K and %D was 65.57% and 72.97% and the average true range (ATR) pointed at 0.56. The RSI (14) points at 57.70%, while the 14-day stochastic is at 56.33% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.28 and 0.24 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Keurig Dr Pepper Inc. (NASDAQ: KDP), JP Morgan reiterated its an Overweight rating for the company but lifted their price target by $39 to $36. Analysts offering their rating for KDP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate KDP as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.
What is KDP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $45.00, with their median price target at $39.50. Looking at these predictions, the average price target given by analysts is for Keurig Dr Pepper Inc. (KDP) stock is $38.56.
