Keurig Dr Pepper Inc. (NASDAQ:KDP) Short Interest Up 17.1% in July

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 25,320,000 shares, an increase of 17.1% from the June 30th total of 21,620,000 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 7,540,000 shares, the days-to-cover ratio is currently 3.4 days.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $34.12 on Wednesday. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $35.00. The firm has a market capitalization of $46.25 billion, a PE ratio of 22.01, a PEG ratio of 2.60 and a beta of 0.62. The business’s 50 day moving average is $33.62 and its 200-day moving average is $32.14. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $0.42 EPS. Keurig Dr Pepper’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Insider Activity

In other news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the sale, the insider now directly owns 12,565 shares in the company, valued at approximately $429,597.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Keurig Dr Pepper

Several institutional investors have recently bought and sold shares of KDP. Blue Trust Inc. boosted its stake in Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after buying an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after buying an additional 685 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at $29,000. Hantz Financial Services Inc. acquired a new stake in Keurig Dr Pepper in the 2nd quarter valued at $35,000. Finally, Riverview Trust Co acquired a new stake in Keurig Dr Pepper in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KDP shares. Barclays cut their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. BNP Paribas started coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. TD Cowen raised their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.