Keurig Dr Pepper Inc (NYSE:KDP) Sees Large Growth in Short Interest

Keurig Dr Pepper Inc (NYSE:KDP) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 39,630,000 shares, a growth of 6.5% from the September 30th total of 37,200,000 shares. Approximately 14.9% of the shares of the company are sold short. Based on an average daily volume of 2,400,000 shares, the days-to-cover ratio is currently 16.5 days.

A number of equities analysts recently commented on the stock. SunTrust Banks set a $35.00 price target on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a research report on Friday, September 27th. Bank of America raised their price target on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley raised their price target on shares of Keurig Dr Pepper from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Guggenheim reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research report on Friday, September 27th. Finally, ValuEngine raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $30.61.

KDP stock traded up $0.02 during mid-day trading on Friday, hitting $30.02. The stock had a trading volume of 963,581 shares, compared to its average volume of 2,180,508. The company has a current ratio of 0.35, a quick ratio of 0.23 and a debt-to-equity ratio of 0.57. Keurig Dr Pepper has a 52 week low of $24.52 and a 52 week high of $32.00. The firm has a market capitalization of $41.50 billion, a P/E ratio of 28.87, a P/E/G ratio of 1.59 and a beta of 0.45. The firm has a fifty day simple moving average of $27.87 and a 200 day simple moving average of $28.29.

Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Keurig Dr Pepper had a net margin of 10.13% and a return on equity of 7.27%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Keurig Dr Pepper will post 1.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, October 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 57.69%.

In other Keurig Dr Pepper news, Director Robert S. Singer purchased 1,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $29.02 per share, with a total value of $43,530.00. Following the completion of the transaction, the director now owns 53,001 shares in the company, valued at $1,538,089.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer purchased 3,500 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $29.39 per share, for a total transaction of $102,865.00. Following the completion of the transaction, the director now owns 53,001 shares of the company’s stock, valued at approximately $1,557,699.39. The disclosure for this purchase can be found here. Insiders bought 95,173 shares of company stock worth $2,318,752 over the last three months. Insiders own 0.44% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in KDP. MRA Associates USA LLC bought a new position in Keurig Dr Pepper in the 2nd quarter valued at about $25,000. Fulcrum Equity Management acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $30,000. Pearl River Capital LLC acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $42,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Keurig Dr Pepper by 221.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,809 shares of the company’s stock valued at $46,000 after purchasing an additional 1,246 shares in the last quarter. 19.50% of the stock is currently owned by hedge funds and other 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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