Traders Purchase High Volume of Keurig Dr Pepper Put Options (NASDAQ:KDP)

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the recipient of some unusual options trading activity on Friday. Stock investors purchased 15,672 put options on the company. This represents an increase of 310% compared to the average daily volume of 3,827 put options.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $32.66 on Friday. The company has a 50 day moving average of $33.94 and a 200 day moving average of $32.11. The stock has a market cap of $44.27 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.47 and a beta of 0.62. Keurig Dr Pepper has a 12 month low of $27.66 and a 12 month high of $35.00. 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 (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. Keurig Dr Pepper’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. As a group, sell-side analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.63%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Analyst Ratings Changes

KDP has been the topic of several research reports. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. UBS Group boosted their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, Wells Fargo & Company boosted their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $36.57.

Insider Activity

In related news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at $3,382,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick Minogue sold 17,293 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the sale, the insider now directly owns 67,103 shares in the company, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Insiders sold 81,520 shares of company stock worth $2,750,739 over the last three months. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $29,000. Bruce G. Allen Investments LLC purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $34,000. GAMMA Investing LLC grew its stake in Keurig Dr Pepper by 210.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock worth $44,000 after buying an additional 894 shares in the last quarter. Mather Group LLC. purchased a new position in Keurig Dr Pepper in the 1st quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC grew its stake in Keurig Dr Pepper by 122.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,367 shares of the company’s stock worth $46,000 after buying an additional 753 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.