Keurig Dr Pepper, Inc (NASDAQ:KDP) Short Interest Up 25.0% in December

Keurig Dr Pepper, Inc (NASDAQ:KDP) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 40,946,457 shares, a growth of 25.0% from the November 30th total of 32,760,120 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily volume of 16,315,225 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 16,315,225 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Piper Sandler boosted their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. TD Cowen reduced their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. Finally, The Goldman Sachs Group cut their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and an average price target of $34.87.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Dedication LLC grew its position in shares of Keurig Dr Pepper by 3.8% during the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after acquiring an additional 288 shares during the period. Croban boosted its position in Keurig Dr Pepper by 0.9% during the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after purchasing an additional 294 shares in the last quarter. Auxier Asset Management grew its holdings in Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after purchasing an additional 318 shares during the period. Private Trust Co. NA increased its position in shares of Keurig Dr Pepper by 26.4% in the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after buying an additional 339 shares in the last quarter. Finally, NewSquare Capital LLC raised its stake in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $28.01 on Friday. Keurig Dr Pepper has a 52-week low of $25.03 and a 52-week high of $36.12. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The stock has a market cap of $38.05 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.34. The business has a 50-day simple moving average of $27.80 and a 200-day simple moving average of $29.68.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $0.51 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.