Keurig Dr Pepper Inc. (NASDAQ:KDP) Sees Significant Decrease in Short Interest

Keurig Dr Pepper Inc. (NASDAQ:KDP) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 22,060,000 shares, a drop of 12.9% from the July 15th total of 25,320,000 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily volume of 7,740,000 shares, the days-to-cover ratio is currently 2.9 days.

Keurig Dr Pepper Trading Up 0.6 %

Keurig Dr Pepper stock traded up $0.23 during trading hours on Monday, hitting $35.62. The company had a trading volume of 3,500,593 shares, compared to its average volume of 9,076,752. The firm has a market cap of $48.29 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.64. The company has a 50-day moving average price of $33.76 and a two-hundred day moving average price of $32.42.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now owns 12,565 shares in the company, valued at approximately $429,597.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Several large investors have recently modified their holdings of KDP. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after acquiring an additional 685 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after acquiring an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $35,000. Finally, Riverview Trust Co bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $39,000. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KDP shares. TD Cowen raised their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.50.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.