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

Keurig Dr Pepper Inc. (NASDAQ:KDPGet 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:KDPGet 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

(Get Rating)

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.

See Also

Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.