Keurig Dr Pepper, Inc (NASDAQ:KDP) Sees Large Increase in Short Interest

Keurig Dr Pepper, Inc (NASDAQ:KDP) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 53,588,908 shares, an increase of 31.5% from the March 15th total of 40,751,573 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average daily volume of 10,528,088 shares, the short-interest ratio is currently 5.1 days.

Institutional Investors Weigh In On Keurig Dr Pepper

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock worth $4,508,456,000 after acquiring an additional 1,538,456 shares in the last quarter. State Street Corp grew its stake in Keurig Dr Pepper by 1.6% in the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after purchasing an additional 986,700 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after purchasing an additional 15,393,753 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock worth $887,021,000 after purchasing an additional 1,187,457 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $727,667,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 0.2%

NASDAQ KDP traded up $0.04 during trading hours on Thursday, hitting $26.04. The company’s stock had a trading volume of 10,866,519 shares, compared to its average volume of 10,214,483. The stock has a fifty day moving average of $27.74 and a 200 day moving average of $27.57. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $35.38 billion, a P/E ratio of 17.02, a PEG ratio of 1.31 and a beta of 0.35. Keurig Dr Pepper has a twelve month low of $24.88 and a twelve month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the company posted $0.58 EPS. Keurig Dr Pepper’s revenue for the quarter was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Equities research analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is 60.13%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays cut their price target on shares of Keurig Dr Pepper from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday. Evercore upgraded Keurig Dr Pepper to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. decreased their price target on Keurig Dr Pepper from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.38.

Keurig Dr Pepper Company Profile

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.