Keurig Dr Pepper Inc (NYSE:KDP) Short Interest Update

Keurig Dr Pepper Inc (NYSE:KDP) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 32,460,000 shares, a growth of 6.4% from the August 30th total of 30,510,000 shares. Based on an average daily trading volume, of 2,520,000 shares, the days-to-cover ratio is presently 12.9 days. Approximately 12.2% of the company’s stock are short sold.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, June 19th. Morgan Stanley set a $24.00 target price on Keurig Dr Pepper and gave the company a “sell” rating in a research report on Friday, August 9th. ValuEngine raised Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th. SunTrust Banks set a $35.00 target price on Keurig Dr Pepper and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.27.

KDP remained flat at $$27.62 during trading hours on Thursday. The company had a trading volume of 814,505 shares, compared to its average volume of 2,544,025. The firm’s 50-day simple moving average is $27.30 and its two-hundred day simple moving average is $28.14. Keurig Dr Pepper has a 52 week low of $22.95 and a 52 week high of $31.06. The stock has a market capitalization of $38.54 billion, a PE ratio of 26.55, a PEG ratio of 1.46 and a beta of 0.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.23 and a current ratio of 0.33.

Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 196.3% on a year-over-year basis. Analysts predict that Keurig Dr Pepper will post 1.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, October 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 57.69%.

In other Keurig Dr Pepper news, Director Robert S. Singer bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average cost of $28.65 per share, with a total value of $85,950.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ronald O. Perelman bought 1,369,863 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $1.43 per share, with a total value of $1,958,904.09. Insiders purchased a total of 1,456,590 shares of company stock valued at $4,062,145 over the last three months. 0.44% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its stake in Keurig Dr Pepper by 12.9% in the 1st quarter. FMR LLC now owns 31,147,243 shares of the company’s stock worth $871,188,000 after purchasing an additional 3,554,304 shares during the period. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 13,724,226 shares of the company’s stock worth $396,631,000 after purchasing an additional 2,713,806 shares during the period. Nuveen Asset Management LLC bought a new position in Keurig Dr Pepper in the 2nd quarter worth about $346,987,000. D. E. Shaw & Co. Inc. boosted its stake in Keurig Dr Pepper by 177.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 9,578,432 shares of the company’s stock worth $276,816,000 after purchasing an additional 6,128,458 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Keurig Dr Pepper by 426.3% in the 2nd quarter. Prudential Financial Inc. now owns 3,429,881 shares of the company’s stock worth $99,124,000 after purchasing an additional 2,778,138 shares during the period. 19.53% of the stock is owned by institutional investors.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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