Keurig Dr Pepper stock slides and underperforms competitors
Updated
Updated · MarketWatch · May 6
Keurig Dr Pepper stock slides and underperforms competitors
9 articles · Updated · MarketWatch · May 6
Shares fell 1.24% to $28.56 on Wednesday, while the S&P 500 gained 1.46% and the Dow rose 1.24% in a broadly strong market session.
Keurig Dr Pepper lagged Coca-Cola, PepsiCo and Starbucks, whose shares all rose, and finished 20.52% below its 52-week high of $35.94 reached on 20 August.
Trading volume reached 11.8 million shares, topping the stock's 50-day average of 11.5 million, indicating heavier-than-usual investor activity despite the decline.
As weight-loss drugs reshape diets, can Keurig Dr Pepper's beverage empire survive the new 'satiety economy'?
With its stock deeply undervalued, can KDP's massive coffee bet overcome soaring debt and falling profits?