Could Keurig Dr Pepper Inc. (KDP) Gain Strenght After Forming Bullish Double Top Pattern?

The chart of Keurig Dr Pepper Inc. (KDP) shows a double top with $29.25 target or 7.00 % above today’s $27.34 share price. The 7 months chart pattern indicates low risk for the $38.44B company. It was reported on Mar, 14 by Finviz.com. If the $29.25 price target is reached, the company will be worth $2.69B more. Double tops are rare but powerful chart patterns.

The stock increased 0.40% or $0.11 during the last trading session, reaching $27.34. About 2.73 million shares traded. Keurig Dr Pepper Inc. (NYSE:KDP) has risen 38.95% since March 14, 2018 and is uptrending. It has outperformed by 34.58% the S&P500.

Analysts await Keurig Dr Pepper Inc. (NYSE:KDP) to report earnings on April, 24. They expect $0.23 EPS, down 76.53 % or $0.75 from last year’s $0.98 per share. KDP’s profit will be $323.40M for 29.72 P/E if the $0.23 EPS becomes a reality. After $0.30 actual EPS reported by Keurig Dr Pepper Inc. for the previous quarter, Wall Street now forecasts -23.33 % negative EPS growth.

More notable recent Keurig Dr Pepper Inc. (NYSE:KDP) news were published by: Seekingalpha.com which released: “Keurig Dr Pepper Merger Provides Growth Opportunities To A Company In A Dying Industry – Seeking Alpha” on July 20, 2018, also Benzinga.com with their article: “Mixed Drinks: Combined Keurig Dr Pepper (NYSE:KDP) Debuts On NYSE – Benzinga” published on July 10, 2018, Investingnews.com published: “Aurora Cannabis Stock Rises on Nelson Peltz Hiring | INN – Investing News Network” on March 13, 2019. More interesting news about Keurig Dr Pepper Inc. (NYSE:KDP) were released by: Seekingalpha.com and their article: “Dr Pepper Waking Up To A Cup Of Keurig – Seeking Alpha” published on October 29, 2018 as well as Seekingalpha.com‘s news article titled: “Keurig Dr Pepper acquires Core Nutrition – Seeking Alpha” with publication date: September 27, 2018.

Keurig Dr Pepper Inc. engages in the brewing system and specialty coffee businesses in the United States and Canada. The company has market cap of $38.44 billion. The firm sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods. It has a 51.58 P/E ratio. It distributes its products through at-home and away-from-home channels to retailers, including supermarkets, department stores, mass merchandisers, club stores, and convenience stores; and restaurants, hospitality accounts, office coffee distributors, and partner brand owners, as well as to clients through its Websites.

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