Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 9,610,000 shares, a drop of 9.5% from the May 15th total of 10,620,000 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 8,840,000 shares, the days-to-cover ratio is presently 1.1 days.
Keurig Dr Pepper Price Performance
Keurig Dr Pepper stock opened at $32.17 on Friday. Keurig Dr Pepper has a 12 month low of $30.69 and a 12 month high of $41.31. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $45.16 billion, a PE ratio of 34.59, a P/E/G ratio of 2.67 and a beta of 0.58. The stock has a 50-day moving average price of $32.04 and a two-hundred day moving average price of $33.98.
Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Keurig Dr Pepper had a return on equity of 9.52% and a net margin of 9.20%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that Keurig Dr Pepper will post 1.78 EPS for the current year.
Keurig Dr Pepper Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.80 annualized dividend and a yield of 2.49%. Keurig Dr Pepper’s dividend payout ratio is currently 86.02%.
Analyst Ratings Changes
KDP has been the subject of several recent research reports. Barclays reduced their price target on Keurig Dr Pepper from $42.00 to $37.00 in a research note on Friday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Keurig Dr Pepper from $36.00 to $35.00 in a research note on Friday, April 28th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $40.00 to $41.00 in a research note on Tuesday, April 18th. Wedbush reduced their price target on Keurig Dr Pepper from $43.00 to $40.00 in a research note on Friday, April 28th. Finally, StockNews.com upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and an average target price of $37.56.
Insider Activity at Keurig Dr Pepper
In other news, insider Anthony Shoemaker bought 9,870 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average price of $33.02 per share, with a total value of $325,907.40. Following the transaction, the insider now owns 72,167 shares in the company, valued at $2,382,954.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $32.39, for a total transaction of $453,460.00. Following the transaction, the insider now owns 40,878 shares of the company’s stock, valued at approximately $1,324,038.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony Shoemaker purchased 9,870 shares of the stock in a transaction on Wednesday, May 3rd. The shares were bought at an average cost of $33.02 per share, for a total transaction of $325,907.40. Following the transaction, the insider now directly owns 72,167 shares in the company, valued at $2,382,954.34. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 34,000 shares of company stock valued at $1,112,260. 0.81% of the stock is owned by insiders.
Institutional Investors Weigh In On Keurig Dr Pepper
Several large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in Keurig Dr Pepper by 14.1% in the first quarter. American Century Companies Inc. now owns 16,908 shares of the company’s stock valued at $641,000 after acquiring an additional 2,093 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Keurig Dr Pepper by 18.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company’s stock valued at $812,000 after acquiring an additional 3,263 shares during the period. Private Advisor Group LLC grew its stake in Keurig Dr Pepper by 11.9% in the first quarter. Private Advisor Group LLC now owns 15,904 shares of the company’s stock valued at $603,000 after acquiring an additional 1,697 shares during the period. MetLife Investment Management LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $530,000. Finally, Yousif Capital Management LLC grew its stake in Keurig Dr Pepper by 11.6% in the first quarter. Yousif Capital Management LLC now owns 16,053 shares of the company’s stock valued at $608,000 after acquiring an additional 1,669 shares during the period. Institutional investors and hedge funds own 52.29% of the company’s stock.
About Keurig Dr Pepper
Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.