Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 20,380,000 shares, a decline of 6.6% from the October 15th total of 21,810,000 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 7,270,000 shares, the short-interest ratio is presently 2.8 days.
Insider Buying and Selling at Keurig Dr Pepper
In other Keurig Dr Pepper news, insider Maurice Anthony Milikin acquired 12,979 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was acquired at an average cost of $38.79 per share, for a total transaction of $503,455.41. Following the purchase, the insider now owns 116,811 shares in the company, valued at approximately $4,531,098.69. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Maurice Anthony Milikin bought 12,979 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was purchased at an average cost of $38.79 per share, for a total transaction of $503,455.41. Following the purchase, the insider now directly owns 116,811 shares in the company, valued at approximately $4,531,098.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert James Gamgort sold 125,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $36.10, for a total transaction of $4,512,500.00. Following the completion of the transaction, the chairman now owns 4,128,186 shares of the company’s stock, valued at $149,027,514.60. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 38,944 shares of company stock worth $1,524,267 and sold 822,300 shares worth $31,306,009. Company insiders own 1.00% of the company’s stock.
Institutional Trading of Keurig Dr Pepper
Several hedge funds have recently made changes to their positions in KDP. Comerica Bank lifted its position in shares of Keurig Dr Pepper by 10.7% during the first quarter. Comerica Bank now owns 7,052 shares of the company’s stock worth $268,000 after purchasing an additional 679 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Keurig Dr Pepper by 11.9% during the first quarter. Park Avenue Securities LLC now owns 11,731 shares of the company’s stock worth $445,000 after purchasing an additional 1,244 shares in the last quarter. Signaturefd LLC lifted its position in shares of Keurig Dr Pepper by 25.2% during the first quarter. Signaturefd LLC now owns 8,324 shares of the company’s stock worth $315,000 after purchasing an additional 1,678 shares in the last quarter. Regentatlantic Capital LLC acquired a new stake in shares of Keurig Dr Pepper during the first quarter worth about $436,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Keurig Dr Pepper by 173.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 10,674 shares of the company’s stock worth $405,000 after purchasing an additional 6,772 shares in the last quarter. Institutional investors and hedge funds own 52.29% of the company’s stock.
Wall Street Analyst Weigh In
Keurig Dr Pepper Trading Up 0.4 %
Shares of KDP opened at $36.84 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.46. Keurig Dr Pepper has a 12-month low of $33.35 and a 12-month high of $41.31. The firm has a 50-day moving average price of $37.72 and a 200 day moving average price of $37.76. The firm has a market capitalization of $52.17 billion, a P/E ratio of 28.78, a P/E/G ratio of 3.09 and a beta of 0.63.
Keurig Dr Pepper Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Thursday, September 29th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.19. Keurig Dr Pepper’s dividend payout ratio is currently 62.50%.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
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