Keurig Dr Pepper Target of Unusually Large Options Trading (NASDAQ:KDP)

Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) was the target of some unusual options trading on Friday. Traders acquired 6,232 call options on the stock. This is an increase of 240% compared to the typical volume of 1,834 call options.

Insider Activity

In other news, Chairman Robert James Gamgort sold 275,000 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $38.40, for a total value of $10,560,000.00. Following the completion of the sale, the chairman now directly owns 3,703,186 shares of the company’s stock, valued at $142,202,342.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Sudhanshu Shekhar Priyadarshi purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The stock was purchased at an average cost of $35.00 per share, with a total value of $350,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at $350,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Robert James Gamgort sold 275,000 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $38.40, for a total value of $10,560,000.00. Following the sale, the chairman now directly owns 3,703,186 shares of the company’s stock, valued at $142,202,342.40. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in Keurig Dr Pepper by 105.5% during the 2nd quarter. State Street Corp now owns 31,707,918 shares of the company’s stock worth $1,128,015,000 after purchasing an additional 16,279,787 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $289,804,000. FMR LLC increased its position in Keurig Dr Pepper by 22.2% during the 2nd quarter. FMR LLC now owns 42,626,742 shares of the company’s stock worth $1,508,560,000 after purchasing an additional 7,736,174 shares in the last quarter. Vanguard Group Inc. increased its position in Keurig Dr Pepper by 7.6% during the 3rd quarter. Vanguard Group Inc. now owns 69,193,943 shares of the company’s stock worth $2,478,527,000 after purchasing an additional 4,898,078 shares in the last quarter. Finally, BlackRock Inc. increased its position in Keurig Dr Pepper by 6.9% during the 3rd quarter. BlackRock Inc. now owns 67,605,675 shares of the company’s stock worth $2,421,636,000 after purchasing an additional 4,361,181 shares in the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group downgraded Keurig Dr Pepper from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $39.00 to $37.00 in a report on Tuesday, September 27th. StockNews.com downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Deutsche Bank Aktiengesellschaft raised their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, December 6th. Wedbush began coverage on Keurig Dr Pepper in a report on Monday, October 10th. They issued an “outperform” rating and a $43.00 target price for the company. Finally, Barclays raised their target price on Keurig Dr Pepper from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Hold” and a consensus target price of $39.63.

Keurig Dr Pepper Trading Up 1.0 %

Shares of KDP stock opened at $34.71 on Friday. Keurig Dr Pepper has a fifty-two week low of $33.35 and a fifty-two week high of $41.31. The stock has a market cap of $49.16 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.95 and a beta of 0.64. The business has a fifty day simple moving average of $36.80 and a 200-day simple moving average of $37.53. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.46.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Keurig Dr Pepper had a return on equity of 9.20% and a net margin of 13.38%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.63 billion. On average, analysts forecast that Keurig Dr Pepper will post 1.69 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Thursday, January 5th. Keurig Dr Pepper’s dividend payout ratio is currently 62.50%.

About Keurig Dr Pepper

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.