Short Interest in Keurig Dr Pepper Inc. (NASDAQ:KDP) Grows By 8.4%

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 13,720,000 shares, an increase of 8.4% from the March 15th total of 12,660,000 shares. Based on an average daily volume of 10,910,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.3% of the company’s stock are short sold.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, CFO Priyadarshi Sudhanshu bought 85,910 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now owns 218,566 shares in the company, valued at approximately $6,360,270.60. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now directly owns 218,566 shares in the company, valued at approximately $6,360,270.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the transaction, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Insiders own 0.81% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Hedge funds have recently bought and sold shares of the business. DAVENPORT & Co LLC raised its holdings in Keurig Dr Pepper by 24.3% in the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock valued at $86,820,000 after acquiring an additional 509,393 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Keurig Dr Pepper by 14.2% during the 4th quarter. Arizona State Retirement System now owns 294,833 shares of the company’s stock worth $9,824,000 after buying an additional 36,560 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Keurig Dr Pepper by 43.8% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock worth $36,624,000 after buying an additional 334,954 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $245,000. Finally, Morgan Stanley increased its holdings in shares of Keurig Dr Pepper by 15.0% during the 3rd quarter. Morgan Stanley now owns 7,994,795 shares of the company’s stock worth $252,396,000 after buying an additional 1,044,167 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.7 %

KDP stock opened at $30.43 on Tuesday. The company’s 50-day simple moving average is $30.27 and its 200-day simple moving average is $31.01. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper has a 52-week low of $27.66 and a 52-week high of $35.99. The firm has a market cap of $42.22 billion, a P/E ratio of 19.63, a PEG ratio of 2.30 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. As a group, equities analysts forecast that Keurig Dr Pepper will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Analyst Ratings Changes

A number of research firms have commented on KDP. Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. HSBC began coverage on Keurig Dr Pepper in a report on Friday, December 22nd. They set a “hold” rating and a $37.00 price target on the stock. Morgan Stanley decreased their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Wedbush decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Finally, Barclays raised their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.45.

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.