Keurig Dr Pepper Inc (NYSE:KDP) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 28,365,800 shares, an increase of 18.3% from the June 30th total of 23,986,800 shares. Based on an average daily trading volume, of 2,660,000 shares, the days-to-cover ratio is currently 10.7 days. Approximately 14.1% of the company’s shares are sold short.

In other Keurig Dr Pepper news, insider Brian Andrew Loucks acquired 18,554 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $28.31 per share, for a total transaction of $525,263.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert S. Singer acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average price of $28.93 per share, with a total value of $86,790.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 26,554 shares of company stock valued at $755,964. 0.44% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in shares of Keurig Dr Pepper by 12.9% during the 1st quarter. FMR LLC now owns 31,147,243 shares of the company’s stock worth $871,188,000 after buying an additional 3,554,304 shares during the period. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 24.6% during the 2nd quarter. Vanguard Group Inc. now owns 13,724,226 shares of the company’s stock worth $396,631,000 after buying an additional 2,713,806 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Keurig Dr Pepper by 177.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 9,578,432 shares of the company’s stock worth $276,816,000 after buying an additional 6,128,458 shares during the period. JPMorgan Chase & Co. grew its position in shares of Keurig Dr Pepper by 1.5% during the 1st quarter. JPMorgan Chase & Co. now owns 6,141,313 shares of the company’s stock worth $171,773,000 after buying an additional 87,790 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Keurig Dr Pepper by 58.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,640,711 shares of the company’s stock worth $101,831,000 after buying an additional 1,346,792 shares during the period. 14.15% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the stock. Morgan Stanley set a $24.00 price objective on shares of Keurig Dr Pepper and gave the company a “sell” rating in a report on Friday, August 9th. Zacks Investment Research upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, June 19th. Bank of America raised their price target on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 9th. BMO Capital Markets upgraded shares of Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $27.00 to $34.00 in a report on Monday, June 17th. Finally, ValuEngine upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Keurig Dr Pepper has a consensus rating of “Buy” and an average target price of $29.24.

Shares of KDP stock traded down $1.06 during trading hours on Wednesday, hitting $27.41. 2,075,820 shares of the company were exchanged, compared to its average volume of 2,571,757. The stock has a market capitalization of $40.01 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 1.55 and a beta of 0.46. Keurig Dr Pepper has a fifty-two week low of $22.19 and a fifty-two week high of $31.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.23 and a current ratio of 0.33. The company’s 50 day simple moving average is $28.61.

Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.86 billion. Keurig Dr Pepper had a net margin of 8.82% and a return on equity of 7.15%. The company’s quarterly revenue was up 196.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. On average, analysts anticipate that Keurig Dr Pepper will post 1.22 earnings per share for the current fiscal year.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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