Keurig Dr Pepper, Inc (NASDAQ:KDP) Short Interest Up 25.0% in December

by · The Cerbat Gem

Keurig Dr Pepper, Inc (NASDAQ:KDP – Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 40,946,457 shares, a growth of 25.0% from the November 30th total of 32,760,120 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 16,315,225 shares, the short-interest ratio is currently 2.5 days. Based on an average trading volume of 16,315,225 shares, the short-interest ratio is currently 2.5 days. Approximately 3.0% of the company’s shares are short sold.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded down $0.04 during trading on Wednesday, reaching $28.11. 1,442,496 shares of the company traded hands, compared to its average volume of 14,504,991. The company has a market cap of $38.20 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.05 and a beta of 0.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. The stock’s 50 day moving average price is $27.78 and its two-hundred day moving average price is $29.70. Keurig Dr Pepper has a 1-year low of $25.03 and a 1-year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, January 2nd. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Analyst Ratings Changes

KDP has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. TD Cowen dropped their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. UBS Group restated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group cut their price objective on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.87.

View Our Latest Stock Report on Keurig Dr Pepper

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Keurig Dr Pepper by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after buying an additional 14,244,768 shares during the last quarter. State Street Corp boosted its holdings in Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after purchasing an additional 986,700 shares during the period. Invesco Ltd. grew its holdings in shares of Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. Geode Capital Management LLC increased its stake in Keurig Dr Pepper by 13.5% in the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after acquiring an additional 3,595,579 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Keurig Dr Pepper by 0.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock worth $524,459,000 after acquiring an additional 182,341 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

(Get Free Report)

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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