Keurig Dr Pepper, Inc (NASDAQ:KDP) Sees Significant Growth in Short Interest

Keurig Dr Pepper, Inc (NASDAQ:KDP) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 40,946,457 shares, a growth of 25.0% from the November 30th total of 32,760,120 shares. Based on an average daily trading volume, of 16,315,225 shares, the short-interest ratio is presently 2.5 days. Approximately 3.0% of the shares of the company are short sold. Approximately 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,315,225 shares, the short-interest ratio is presently 2.5 days.

Analyst Ratings Changes

KDP has been the topic of several recent research reports. Piper Sandler increased their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. The Goldman Sachs Group dropped their price objective on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Citigroup decreased their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, TD Cowen decreased their price objective on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.87.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at $1,599,984. This trade represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Keurig Dr Pepper

Several large investors have recently made changes to their positions in KDP. Amundi increased its position in shares of Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after acquiring an additional 315,290 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of Keurig Dr Pepper by 61.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock worth $2,075,000 after buying an additional 23,167 shares during the last quarter. Truist Financial Corp raised its position in Keurig Dr Pepper by 15.2% during the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock worth $9,987,000 after buying an additional 39,916 shares during the last quarter. LBP AM SA boosted its stake in shares of Keurig Dr Pepper by 1,772.6% in the second quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after buying an additional 519,851 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Keurig Dr Pepper by 9.0% during the second quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after buying an additional 12,530 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.04 during trading hours on Wednesday, reaching $28.11. 1,442,496 shares of the company’s stock were exchanged, compared to its average volume of 14,504,991. The company’s 50 day moving average is $27.78 and its two-hundred day moving average is $29.70. The company has a market cap of $38.20 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 2.05 and a beta of 0.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. Keurig Dr Pepper has a 1 year low of $25.03 and a 1 year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.