Keurig Dr Pepper Sees Unusually High Options Volume (NASDAQ:KDP)

Keurig Dr Pepper, Inc (NASDAQ:KDP) was the target of some unusual options trading on Wednesday. Traders bought 43,191 put options on the stock. This represents an increase of approximately 225% compared to the average volume of 13,277 put options.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of Keurig Dr Pepper by 15.2% in the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock worth $9,987,000 after purchasing an additional 39,916 shares during the last quarter. LBP AM SA increased its holdings in Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after buying an additional 519,851 shares during the period. State of Michigan Retirement System raised its position in Keurig Dr Pepper by 14.0% during the 2nd quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock worth $12,209,000 after buying an additional 45,400 shares during the last quarter. Callan Family Office LLC lifted its stake in Keurig Dr Pepper by 290.4% during the 2nd quarter. Callan Family Office LLC now owns 28,458 shares of the company’s stock valued at $941,000 after acquiring an additional 21,168 shares during the period. Finally, ASR Vermogensbeheer N.V. lifted its stake in Keurig Dr Pepper by 13.8% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 185,646 shares of the company’s stock valued at $6,137,000 after acquiring an additional 22,483 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 3.2%

Shares of NASDAQ KDP opened at $26.71 on Thursday. Keurig Dr Pepper has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The business’s 50 day moving average is $28.00 and its two-hundred day moving average is $28.89. The stock has a market capitalization of $36.29 billion, a P/E ratio of 23.03, a PEG ratio of 1.90 and a beta of 0.34.

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

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, January 2nd. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Analysts Set New Price Targets

KDP has been the subject of several analyst reports. Barclays raised their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. TD Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

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.