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

Keurig Dr Pepper Inc. (NASDAQ:KDP) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 18,890,000 shares, a growth 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 presently 2.3 days.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group upped their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. 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. Barclays boosted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Wells Fargo & Company raised 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. Finally, Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $36.57.

Keurig Dr Pepper Stock Down 1.5 %

Shares of Keurig Dr Pepper stock opened at $33.40 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.00. The stock has a 50-day moving average price of $33.93 and a 200 day moving average price of $32.09. The company has a market cap of $45.28 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.58 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) 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 business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 25,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the sale, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,520 shares of company stock worth $2,750,739. 1.00% of the stock is owned by company insiders.

Institutional Trading of Keurig Dr Pepper

Several hedge funds and other institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $34,000. Mather Group LLC. bought a new stake in Keurig Dr Pepper in the first quarter worth $45,000. EverSource Wealth Advisors LLC boosted its holdings in Keurig Dr Pepper by 122.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,367 shares of the company’s stock worth $46,000 after purchasing an additional 753 shares in the last quarter. Finally, Ulland Investment Advisors LLC acquired a new position in Keurig Dr Pepper during the fourth quarter worth $50,000. 85.23% of the stock is currently 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.