KDP Stock Summary and Trading Ideas (Keurig Dr Pepper | NASDAQ:KDP)

Keurig Dr Pepper was established in 2018 following a merger between Keurig Green Mountain Coffee and Dr Pepper Snapple. The company manufactures and distributes coffee systems (including coffee brewers and single-serve coffee pods) under the Keurig and Green Mountain brands, as well as ready-to-drink beverages including flavored (non-cola) sparkling soft drinks under well-known brands such as Dr Pepper, Snapple, and Canada Dry. The company controls production and route to market for its own brands through in-house manufacturing plants and distribution infrastructure and leverages these facilities to manufacture and distribute for third-party coffee and beverage brands via licensing and partnership agreements. US and Canada make up 95% of revenues, with the rest from Mexico.

Keurig Dr Pepper trades on the NASDAQ stock market under the symbol KDP.

As of November 22, 2024, KDP stock price climbed to $32.46 with 3,440,028 million shares trading.

KDP has a beta of 0.26, meaning it tends to be less sensitive to market movements. KDP has a correlation of 0.03 to the broad based SPY ETF.

KDP has a market cap of $44.00 billion. This is considered a Large Cap stock.

Last quarter Keurig Dr Pepper reported $4 billion in Revenue and $.51 earnings per share. This fell short of revenue expectation by $-39 million and met earnings estimates .

In the last 3 years, KDP traded as high as $41.31 and as low as $27.66.

The top ETF exchange traded funds that KDP belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

KDP has underperformed the market in the last year with a price return of +4.5% while the SPY ETF gained +32.9%. KDP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.9% and -1.4%, respectively, while the SPY returned +6.5% and 0.0%, respectively.

KDP support price is $31.80 and resistance is $32.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KDP shares will trade within this expected range on the day.