Keurig Dr Pepper Inc. (NASDAQ:KDP) Short Interest Down 5.1% in October

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 20,650,000 shares, a decrease of 5.1% from the September 30th total of 21,770,000 shares. Based on an average daily volume of 7,620,000 shares, the short-interest ratio is currently 2.7 days. Currently, 2.0% of the company’s stock are short sold.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

A number of hedge funds have recently bought and sold shares of KDP. Carmel Capital Partners LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter worth approximately $298,000. Trinity Legacy Partners LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter worth $2,797,000. Confluence Investment Management LLC grew its holdings in shares of Keurig Dr Pepper by 0.5% during the third quarter. Confluence Investment Management LLC now owns 374,448 shares of the company’s stock valued at $14,034,000 after buying an additional 1,933 shares in the last quarter. JB Capital LLC raised its position in Keurig Dr Pepper by 2.0% during the third quarter. JB Capital LLC now owns 95,269 shares of the company’s stock valued at $3,571,000 after buying an additional 1,903 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its position in Keurig Dr Pepper by 5.3% during the third quarter. Kornitzer Capital Management Inc. KS now owns 74,730 shares of the company’s stock valued at $2,801,000 after buying an additional 3,736 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $32.82 on Friday. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $36.47 and a two-hundred day moving average of $34.70. The company has a market capitalization of $44.52 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.55 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. As a group, analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. TD Cowen upped their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Barclays dropped their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Royal Bank of Canada increased their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $38.36.

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.