Short Interest in Keurig Dr Pepper Inc. (NASDAQ:KDP) Declines By 6.6%

Keurig Dr Pepper Inc. (NASDAQ:KDPGet 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

Several equities research analysts recently commented on KDP shares. UBS Group boosted their price target on shares of Keurig Dr Pepper from $38.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 1st. Barclays upped their target price on shares of Keurig Dr Pepper from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, October 31st. StockNews.com lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating in a report on Monday, October 31st. The Goldman Sachs Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $39.00 to $37.00 in a report on Tuesday, September 27th. Finally, Truist Financial lowered shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating and dropped their target price for the stock from $40.00 to $30.00 in a report on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and a consensus target price of $39.75.

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

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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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