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

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the recipient 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. Currently, 1.8% of the shares of the company are short sold. Based on an average daily volume of 8,070,000 shares, the days-to-cover ratio is currently 2.3 days.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now directly owns 67,103 shares in the company, valued at $2,253,989.77. The disclosure for this sale can be found here. Insiders sold a total of 81,520 shares of company stock worth $2,750,739 in the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KDP. Turtle Creek Wealth Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at about $29,000. Bruce G. Allen Investments LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at about $34,000. GAMMA Investing LLC lifted its holdings in Keurig Dr Pepper by 210.4% in the 2nd 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. purchased a new position in Keurig Dr Pepper in the 1st quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Keurig Dr Pepper by 122.6% in the 1st 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KDP shares. Jefferies Financial Group lowered their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. UBS Group upped their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price target for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. TD Cowen upped their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, BNP Paribas started coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.57.

Keurig Dr Pepper Price Performance

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

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

Keurig Dr Pepper Announces Dividend

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

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.