Keurig Dr Pepper Inc. (NASDAQ:KDP) Short Interest Update

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 18,890,000 shares, an increase of 17.8% from the May 31st total of 16,030,000 shares. Based on an average daily trading volume, of 8,070,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.8% of the shares of the company are sold short.

Keurig Dr Pepper Trading Down 0.2 %

Keurig Dr Pepper stock traded down $0.06 during midday trading on Tuesday, reaching $32.78. The stock had a trading volume of 9,243,300 shares, compared to its average volume of 9,317,968. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper has a 52-week low of $27.66 and a 52-week high of $35.00. The firm has a market cap of $44.44 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.52 and a beta of 0.62. The company has a fifty day moving average of $33.97 and a 200 day moving average of $32.10.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts anticipate that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Analyst Upgrades and Downgrades

KDP has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Wells Fargo & Company upped their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. BNP Paribas initiated coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. TD Cowen upped their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.57.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $3,382,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $3,382,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares of the company’s stock, valued at $2,557,082.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,520 shares of company stock worth $2,750,739. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of institutional investors have recently modified their holdings of KDP. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $34,000. GAMMA Investing LLC boosted its stake in shares of Keurig Dr Pepper by 210.4% during the second quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $44,000 after purchasing an additional 894 shares in the last quarter. Mather Group LLC. bought a new position in shares of Keurig Dr Pepper during the first quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 122.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,367 shares of the company’s stock valued at $46,000 after purchasing an additional 753 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Company Profile

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.