Keurig Dr Pepper Inc. (NASDAQ:KDP) Sees Large Decline in Short Interest

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the recipient of a significant 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 days-to-cover ratio is currently 2.7 days. Currently, 2.0% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after buying an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Keurig Dr Pepper by 617.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $35,000. Finally, Riverview Trust Co bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.1 %

Shares of NASDAQ:KDP opened at $32.95 on Friday. The firm has a market cap of $44.70 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.73 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 12 month low of $28.61 and a 12 month high of $38.28. The company’s fifty day simple moving average is $36.53 and its 200 day simple moving average is $34.69.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Analyst Ratings Changes

KDP has been the subject of a number of research analyst reports. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Barclays reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and eight 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 “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.