Keurig Dr Pepper Inc. (NASDAQ:KDP-received rating) recorded a significant increase in short-term interest rates in January. On January 15th, there was short interest totaling 14,480,000 shares, up 6.5% from the December 31st total of 13,590,000 shares. Based on an average trading volume of 7,210,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.7% of the company's shares are shorted.
Keurig Dr Pepper value for money
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- Is Keurig-Dr. Pepper a value worth buying?
Neat Dr. Pepper Bruheopened Monday at $34.70. The company's 50-day simple moving average is $36.55 and its 200-day simple moving average is $37.33. The stock has a market cap of $49.14 billion, a price-to-earnings ratio of 27.11, a price-to-earnings ratio of 2.87, and a beta of 0.64. Keurig Dr Pepper has a 12-month low of $33.35 and a 12-month high of $41.31. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt to equity ratio of 0.46.
Ordinary Dr. Pepper (NASDAQ:KDP-received rating) last released its quarterly results on Thursday, October 27. The company reported earnings per share (EPS) of $0.46 for the quarter, beating the consensus estimate of $0.46. The company made $3.62 billion in revenue for the quarter, compared to analysts' expectations of $3.63 billion. Keurig Dr Pepper had a return on equity of 9.20% and a net margin of 13.38%. As a group, research analysts believe that Keurig Dr. Pepper will report year-to-date earnings per share of 1.69.
Keurig Dr Pepper Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 20th. Investors of record were paid a dividend of $0.20 on Friday, January 6th. That equates to an annualized dividend of $0.80 and a yield of 2.31%. The ex-dividend date was Thursday January 5th. Keurig Dr Pepper's payout ratio is 62.50%.
Analysts set new price targets
KDP has been the subject of several recent analyst reports. Truist Financial downgraded Keurig Dr Pepper to a sell rating from a "hold" rating and lowered its price target on the stock from $40.00 to $30.00 in a research note on Monday, October 31. JPMorgan Chase & Co. increased its target price on Keurig Dr. Pepper from $40.00 to $41.00 and rated the stock "overweight" in a research note on Thursday. Wedbush closed coverage of Keurig Dr. Pepper started in a research note. They assigned an Outperform rating and a price target of $43.00 for the company. Wells Fargo & Company lowered its price target for Keurig Dr. Pepper from $42.00 to $40.00 and rated the company as “overweight” in a research note on Tuesday, January 3rd. Finally,StockNews.comlowered Keurig Dr. Pepper from a “buy” rating to a “hold” rating in a research note on Monday, October 31. One analyst has rated the stock with a sell rating, four with a hold rating and four with a buy rating. According to data from MarketBeat, Keurig Dr. Pepper an average rating of Hold and a consensus target of $39.50.
In other news, ChairmanRobert James Gamgortsold 275,000 shares of the stock in a transaction that took place on Tuesday, November 1st. The stock sold at an average price of $38.40 for a total value of $10,560,000.00. Upon completion of the sale, the CEO now directly owns 3,703,186 shares of the Company, valued at $142,202,342.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed herethis hyperlink. In related news, ChairmanRobert James Gamgortsold 275,000 shares of the company's shares in one transaction on Tuesday, November 1st. The stock sold at an average price of $38.40 for a total value of $10,560,000.00. Upon completion of the transaction, the Chairman now directly owns 3,703,186 shares of the Company, valued at $142,202,342.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible viadie SEC-Website. In addition, CFO Sudhanshu Shekhar Priyadarshi bought 10,000 shares of the company in a transaction that took place on Wednesday, January 18th. The stock was purchased at an average price of $35.00 per share with a total value of $350,000.00. Upon completion of the purchase, the Chief Financial Officer now directly owns 10,000 shares of the company, valued at approximately $350,000. The disclosure for this purchase can be foundhere. 1.00% of the shares are owned by company insiders.
Hedge funds rely on Keurig Dr. Pepper
Several hedge funds have recently added to or reduced their stakes in the company. Peak Financial Advisors LLC increased its stake in Keurig Dr. Pepper up 1.0% in the third quarter. Peak Financial Advisors LLC now owns 28,286 shares of the company's stock valued at $1,013,000 after purchasing an additional 284 shares last quarter. Unison Advisors LLC increased its stake in Keurig Dr. Pepper up 0.5% in the third quarter. Unison Advisors LLC now owns 57,190 shares of the company's stock valued at $2,060,000 after purchasing an additional 293 shares last quarter. Curi Wealth Management LLC increased its stake in Keurig Dr. Pepper up 10.5% in the second quarter. Curi Wealth Management LLC now owns 3,197 shares of the company's stock valued at $113,000 after purchasing an additional 303 shares last quarter. Veritable L.P. pegged its stake in Keurig Dr. Pepper up 0.3% in the third quarter. Veritable L.P. now owns 116,911 shares of the company's stock valued at $4,188,000 after purchasing an additional 350 shares last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Keurig Dr. Pepper up 32.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,481 shares of the company, valued at $53,000, after purchasing an additional 365 shares last quarter. Institutional investors own 52.29% of the company's shares.
About Keurig Dr. Pepper
Keurig Dr Pepper, Inc is engaged in the manufacture and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates and Latin Beverages. The Coffee Systems segment includes the manufacture and sale of finished products related to coffee, pods and brewing equipment.
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